The Theory of Money and Credit, Ludwig von Mises’s 1953 treatise on monetary theory, is now available as a free audiobook narrated by Jim Vann.
In a step-by-step manner, Mises presents the case for sound money with no inflation, and presents the beginnings of a full-scale business cycle theory.
One of the interesting things I’ve noticed in my world travels is that supporters of free markets and small government generally are known as “liberals” everywhere other than North America.
Last week the Supreme Court heard oral arguments in the case of Masterpiece Cakeshop v. Colorado Civil Rights Commission. The case stems from the refusal of Masterpiece Cakeshop, a bakery, to bake a wedding cake for a same-sex couple. The bakery was found guilty of a civil rights violation and ordered to stop refusing to bake and design cakes because they are for same-sex weddings. The bakery was also required to file reports on the steps it takes to comply and whether it turns down any prospective customers.
Dr. Robert Murphy and I enjoyed a robust discussion of the current political landscape this past weekend at the University of Central Florida. A significant percentage of attendees, maybe half, agreed with the proposition that the US is past the point of political solutions. Everyone agreed, regardless of their age and background, that the possibility of America breaking — violently or voluntarily — is very real.
The FCC is preparing to vote this week to roll back “net neutrality” regulations adopted in 2015. Supporters of net neutrality claim the regulations protect internet traffic from discrimination and ensure broadband providers don’t abuse their power as gatekeepers to the internet. Supporters also claim “[n]et neutrality is the principle that all traffic on the internet should be treated equally.”
Many of our readers might remember the late 80s. There were hundreds of movies, songs and books about the inevitable Japanese economic invasion. The ones of you that did not live that period can see that it did not happen.
Why? Because the Japanese growth miracle was built on a massive debt bubble and, once it burst, the country fell into stagnation for the better part of two decades. It still has not recovered.
China presents many similarities in its economic model. Massive debt, overcapacity and central planned growth targets.
In a fit of pique in 2016, then-President Barack Obama expelled Russian diplomats from the United States. K. T.
Politifact delivered a “pants on fire” slam to Fox News on Friday because one of its commentators asserted that the Federal Bureau of Investigation “has become America’s secret police.” The FBI has legions of new champions nowadays among liberals and Democrats who hope that its probes will end Donald Trump’s presidency. This is a stunning reversal that may have J. Edgar Hoover spinning in his grave.
