Fool’s Gold
The new Sacagawea "golden dollar" is an afront to the memory of the real gold standard.
The new Sacagawea "golden dollar" is an afront to the memory of the real gold standard.
In a hyper-political age, the words we use, says Walter Block, can reveal hidden political and economic agendas.
In 1958, John Kenneth Galbraith assailed American spending patterns. Consumers, he told us in The Affluent Society, spend too much on such fripperies as large tailfins on cars.
We are so used to celebrating the glories of the democratic state, we often forget its limitations.
The unexpected inversion has led to wild speculations about the cause and solution, but only the Austrian economists name the real culprit.
The Japanese FTC used kid gloves, but still punished the firm for doing what competitors are supposed to do.
You may never have heard of them, but they battled against the main cause of state expansion in the 20th century.
The only secure foundation for the right of free speech is private property, but civil libertarians are loathe to admit it.
In 1940, Mises watched the rise of the total state and the destruction of Europe, and believed he had been "the historian of decline." But the designation doesn't apply to today's Misesians.
The Prime Minister's statist, inflationist program isn't saving the country; it is preparing the way for yet another crash.