In a market economy, a major service that money provides is that of the medium of exchange. Producers exchange their goods for money and then exchange money for other goods. As the production of goods and services increases, this results in a greater demand for the services of the medium of exchange (the service that money provides). Conversely, as economic activity slows down the demand for the services of money follows suit.
No, the general election on November 3 will not be postponed, but the future president of the United States may be elected by a different group of voters on a much later date—and it may happen after the new Congress convenes on or around January 3. This election may be as close as it is disputed, and given the complexities and vagaries of election laws, the House of Representatives could very well elect the next president.
America today confronts an unprecedented crisis. Our economy is collapsing, and the fake coronavirus “epidemic,” with its draconian restrictions, is destroying our liberty. What can we do? We’re fortunate that Dr. Ron Paul, our greatest living American, has provided a masterful diagnosis and offers us hope for a cure—if only we will listen.
[From the 2020 Supporters Summit, presented at the historic Jekyll Island Club Resort on Jekyll Island, Georgia, on October 9, 2020. Read and see the full lecture.]
Journalistic propaganda is a powerful instrument of indoctrination. Without evidence, foul ideas can easily penetrate mainstream discourse. For instance, recently it has become fashionable to posit that slavery is America’s original sin. To sensible people, this is a risible claim, because there is nothing particularly American about slavery.
Listen to the Audio Mises Wire version of this article.
On September 22, President Trump signed the Executive Order on Combating Race and Sex Stereotyping. The order speaks of “race or sex stereotyping,” which is defined as the act of “ascribing character traits, values, moral and ethical codes, privileges, status, or beliefs to a race or sex, or to an individual because of his or her race or sex.” Federal agencies or entities that receive federal funds are prohibited from stereotyping in their training or educational procedures.
Censorship by private companies is a topic that divides free marketers but has suddenly become important in the wake of Twitter and Facebook’s recent attempts to squash a New York Post story alleging corruption in the Biden family. Last year, economist James Miller argued that just as the power company can’t turn off your ele
