The Federal Home Loan Bank (FHLB) is the latest "weapon" in the government's so-called arsenal to keep the banking system afloat. But the system needs much more than just "liquidity." It needs sound money and sound banking practices.
In order for nations to have capital development and market-based economies, they must have a cultural framework that accepts these developments. Too many nations do not, and they languish in poverty as a result.
Over the past forty years, James Bovard has pointed out many times that in carrying out its war on drugs, the Federal government is the emperor with no clothes. Not that anyone in Washington cares.
Sudan has neither the governmental nor social institutions that allow people to develop and build wealth. Instead, people get handouts from the West, which does nothing to reduce poverty.
Before there was Thomas Jefferson, there was Wilhelm von Humboldt, who saw the importance of guarding against the encroachment of state power.
The Federal Trade Commission is unwisely trying to block a merger between Microsoft and Activism. The result is more monopoly and higher prices.
"The basic root of the controversy over slavery to secession, in my opinion, was the aggressive, expansionist aims of the Southern 'slavocracy.'"
Independence Day is not a celebration of "America." It's a commemoration of secession and armed revolt.
Being libertarians, the revolutionaries saw no conflict between moral and political rights on the one hand and economic freedom on the other.
All else being equal, a physically large country provides regimes with more opportunities to wage more war, collect more taxes, and control more people.
