In this recent interview for the Strategic Investment Conference, Jim Grant spoke on the benefits of holding gold and cash right now, citing a myriad of problems related to the inability of Central Banks to understand the current economic situation.
When asked about his position on gold, Grant responded:
Government regulation of property in the name of mandating “public accommodation” has become one of the easiest ways to expand state power into every enterprise, right down to the tiniest family business.
Ralph Raico
Introduction
Julian Simon
Are There Grounds for Limiting Immigration?
John Hospers
A Libertarian Argument Against Open Borders
Bernie Sanders has brought up a lot of absurd things during this election season. Whether its increasing government spending by tens of trillions, or limiting the variety of deodorant Americans can find on store shelves, the Senator from Vermont has managed to come up with policy proposals that even writers at Slate were forced to dismiss as absurd.
Presidential elections in the United States spawn Really Bad Economic Policies, and 2016 is a vintage year. Bernie Sanders is resurrecting socialism, and others seek to outdo him. However, before leaping into the abyss of campaign rhetoric, I first note that none of the current candidates are doing what Ron Paul did during his presidential primary campaign four years ago: expose misdoings of the Federal Reserve System.
CNBC reports today that a blind man is suing McDonalds for refusing him service at the drive-thru window. The man, Scott Magee of Louisiana, could not access the inside of the restaurant because it was after hours when the dining room was closed. Magee — who cannot drive a car — claims he attempted to purchase food at the drive-thru window on foot and was refused.
New York Fed President Dudley recently commented that “real consumer spending growth appears to have moderated somewhat from the relatively robust pace of the second half of 2015.” While this may suggest headwinds from cyclical economic conditions, there are emerging signs that ultra-accommodative policy also acts as a constraint on consumer spending via income effects.
In early June, the Swiss will be called upon to make a historic decision. Switzerland is the first country worldwide to put the idea of an Unconditional Basic Income to a vote and the outcome of this referendum will set a strong precedent and establish a landmark in the evolution of this debate.
The socialists have engineered a semantic revolution in converting the meaning of terms into their opposite.
