The Neutrality Referendum: Why Switzerland Must Tie Its Politicians’ Hands

On September 27, Swiss voters will decide on the popular initiative “Safeguarding Swiss Neutrality.” The proposal would insert a new article into the Federal Constitution declaring Swiss neutrality perpetual and armed. Switzerland would be barred from joining any military or defense alliance and from cooperating with such alliances except in the event of a direct attack or imminent preparation for one.

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Stefan Bartl is a recent graduate economics student from the University of Barcelona with academic and professional e

Rothbard Explains What “Equality” Really Means

[Editor’s note: With the 250th anniversary of the Declaration of Independence comes many attempts to use the text of the Declaration to support modern political ideologies. Perhaps the most common misuse of the Declaration’s text is to warp the meaning of the phrase “all men are created equal.” Modern egalitarian agendas are thus applied to the text of the Declaration in ways that depart thoroughly from the actual meaning as applied by Jefferson in the eighteenth century.

How Changes in the Money Supply Affected the Great Depression

In his writings, Milton Friedman blamed the Federal Reserve for causing the Great Depression of the 1930s. Friedman believed that the US central bank failed to inflate enough money into the banking system to prevent the collapse of the money supply and the economy. The money supply M1, which stood at $28.264 billion in October 1929, fell to $19.039 billion by April 1933—a decline of almost 33 percent.