The Balanced-Budget Question
From the Libertarian Review, May 1979, Rothbard provides a well-rounded discussion of the strengths and weaknesses of a balanced-budget amendment.
Monetary Theory
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Utah Recognizes Gold Coins to Be Money
What if this law in the state of Utah catches on? What if people started to price goods and services on the basis that $20 equals an ounce of gold?
The Fed Obliterates the Savings Ethic
Lord Keynes was constantly worried that people were saving too much and consuming too little — thus the need for more and cheaper money to stimulate the economy. Mr. Bernanke is nothing if not a good Keynesian, and his low rates make even the savviest question whether to forgo consumption.
Why Monetary Expansion Must Stop
With unlimited quantities of fiat money, the day seems to have arrived when anything is possible. But this is an illusion.
Introduction to the Bastiat Collection
If we were to take the greatest economists from all ages and judge them on the basis of their theoretical rigor, their influence on economic educat
The Budget Battle
The only reason this nonsense is sustainable is due to the promise of the Federal Reserve to back all this spending with money creation.
The Anticapitalistic Bias of American Intellectuals
In the U.S., an almost unsurmountable gulf separates “society” from the intellectuals, writes Ludwig von Mises (1881–1973).
The Cure (Low Interest Rates) Is the Disease
The artificial lowering of the interest rate causes malinvestment and the ensuing financial and economic “crisis.”
Is Inflation Harmless or Even Good?
A Fed employee argues that inflation is harmless. I argue that it is a rip-off for everyone who uses dollars.
A Dollar as Good as Gold
The gold standard would terminate the world dollar standard by prohibiting official dollar reserves and the special access of the government and the financial class to limitless cheap Fed and foreign credit. It is an essential step toward stability.
