“The depression is the painful but necessary process by which the free market sloughs off the excesses and errors of the boom and reestablishes the market economy in its function of efficient service to the mass of consumers.”
—Murray N. Rothbard
In the Ethics of Liberty, Murray Rothbard argued that aggressive war is always immoral and must always be opposed. The just war doctrine should be understood not as a moral toolkit that can be harnessed to justify aggressive war, but, on the contrary, as an exception to the foundational anti-war principle. This means that the just war exception should never become more important than the anti-war rule.
Flock cameras, and the online surveillance network behind them, offer many ways for law enforcement officials, and other government bureaucrats, to abuse their access to information about the personal lives of the taxpayers.
FBI agents demonstrated, yet again, that they are the enemies of the American people.
The Trump administration’s crusade to crush campus criticism took another wallop on Friday in a California courtroom. Federal judge Noël Wise ruled that the Trump administration’s “ideological-deportation policy” brazenly violated the US Constitution.
It is generally held that bank credit is a major driver of economic growth. Hence, it would appear that, through an increase in the supply of credit, banks could strengthen the process of wealth generation. Without previous private savings, however, banks cannot simply extend credit. On the other hand, banks can expand credit out of “thin air” via inflation. This type of credit damages the wealth-generating process.
