Title & Author Cumulative Index

The war on cash is now a global phenomenon: under the pretext of tracing criminal activity, governments everywhere are cracking down on commerce that isn’t monitored or controlled.

However, the results of this war reveal its true purpose: tracking citizens and their taxable income.

Venezuela is in a state of complete crisis. The country has been forced to face the horrors of hyperinflation, food shortages, and devastating depression. In spite of having the world’s largest oil reserves, the country has had to resort to rationing electricity. A horrifying article by the New York Times depicts the state of Venezuelan hospitals, with children dying by the day due to a lack of medicine and basic supplies.  

Gresham’s Law

Government imposes price controls largely in order to divert public attention from governmental inflation to the alleged evils of the free market. As we have seen, “Gresham’s Law”—that an artificially overvalued money tends to drive an artificially undervalued money out of circulation—is an example of the general consequences of price control. Government places, in effect, a maximum price on one type of money in terms of the other.

The Economist recounts the turmoil the U.N. is now going through trying to elect a new secretary-general.

[Author’s Note: This is a letter I presented to the House Committee on Education and the Workforce. Joe Biden announces the implementation of a new overtime regulation rule last week that will disproportionately hurt startups, small businesses, and young people. This will be yet another cog in the vast machinery of regulations keeping young people and young companies from building the future.]

William Weld, a former Governor of Massachusetts, has recently announced his intention to run for Vice-President on the Libertarian Party ticket, in concert with Gary Johnson.  Weld has been since the 1990s greatly in favor at the Cato Institute, but Murray Rothbard viewed him with disdain. He often referred to Weld in the pages of The Rothbard Rockwell Report, and his remarks had a constant focus. To Rothbard, Weld exemplified a disturbing trend among professed libertarians.