[The following is derived from a speech in my novel, The Flight of the Barbarous Relic.]

Wars must be funded, and for this, governments functioning as states call upon the banking system for assistance.

A serious omission is notable in the circulating list of suspects responsible for the early August quake in global risk-on markets. This is the role of “monopoly capital” in stimulating wild technological change which by-passes potential benign control by the invisible hands of free markets.

In September 26, 2022, seven months after the Russian invasion of Ukraine, saboteurs destroyed the Nordstream pipeline which was a major conduit of natural gas to Germany and western Europe. 

At the time, NATO personnel, the US regime, and the Ukraine regime all denied involvement, and all even implied that the Russians themselves had somehow been involved. The US media dutifully repeated Washington’s party line, repeatedly hinting that Putin had ordered the destruction of the pipeline for some never-explained reason. 

Originally published at LewRockwell.com.

Kamala Harris is bad enough, but stress on her manifest deficiencies should not make us lose sight of the problems with her running-mate, Governor Tim Walz of Minnesota, who would become president if Kamala were elected and something happened to her.

As I argued in October of 2022, Elon Musk’s takeover of Twitter (now X) would represent an important test case for the freedom of speech on social media against the globalist, woke, and totalitarian agenda for the censorship of “hate speech,” “misinformation,” and “disinformation.” In that essay, I also predicted that one of the main obstacles for free speech on X would be the Digital Services Act (DSA) of the European Union (EU), as administered by the European Comm

The Kamala Harris campaign announced today that it will present a plan to ban “price gouging” by food suppliers. In other words, the Harris campaign plans to mandate price controls.

Get ready for rising prices and shortages in meat and other groceries, because that’s where laws against “price gouging”—which are price controls—lead. 

 According to UPI: 

Albert J. Nock was one of Murray Rothbard’s favorite essayists, and for good reason; his erudition, clarity of thought, and wisdom make his works supremely edifying and a joy to read, and none more so than his Theory of Education in the United States (1932).

Modern complex economies are remarkably characterized by the social division of labor. Individuals of varying abilities, personalities, and specialized technical knowledge in pursuing their self-interests integrate themselves into this social system by voluntarily participating in the various stages of production and exchange of goods and services.