Mises Daily

The breakdown of sound money has now finally generated a cruel endgame.

What sanction, in morals, does the State adduce for the taking of property?

In effect, the government’s not taking is alleged to be giving. Its not taxing is alleged to be spending.

A subset of the end-the-Fed crowd opposes the Fed for peripheral or entirely wrongheaded reasons.

A few more banking crises will likely cause confidence in the fractional-reserve banking system to evaporate.

Henniger writes, "No president has believed more in the miracle of the multiplier than Barack Obama."

Senator Elizabeth Warren (D, Organized Labor) has put paid to the possibility of our use of the reductio ad absurdum. With her $22 per  hour minimum wage (or is it $33?) she has seen us, raised us, doubled down, and in every other way possible demonstrated that she is impervious to logic and basic economics.

The people of Colorado and Washington have effectively nullified US drug laws in their states, with respect to marijuana. Moreover, the people of Colorado and Washington are also effectively nullifying an international treaty on drug prohibition.

Bernanke, like the famous engineer Casey Jones, is often held up as a popular hero. However, Jones was the engineer of a major train wreck, which was due to his errors in judgment and his own overconfidence. Bernanke's current monetary policy is a train wreck waiting to happen.

Understanding today's convoluted domestic and international fiat monetary system frankly requires a great deal of time and study. In a sound money environment, on the other hand, there is little confusion or controversy.