”Recently, the Treasury Department secretary asserted that “The President’s policies and a strengthening U.S. economy have resulted in a reduction of the U.S.

While the headline numbers for the economy, including the stock markets and the unemployment rate, look very good, a “real” look at the economy produces an image of a dead end economy. For example, if you look at Gross Domestic Product in the US economy from the beginning of 2008 to the present and adjust it for inflation and population—a period of 7 1/2 years it has increased a total of a mere 3.3%. Of that increase, the growth of government spending alone accounted for 65%.

Much has been written lately, including by me, about the coming rejection of the dollar as the primary reserve currency of the world’s most important central banks.

81 years ago. The federal government may one day take notice.

Most of the US Constitution is anti-libertarian and designed to extract more taxes and centralize political power. Some of the Amendments, however, are quite pro-freedom, including, of course, the first ten amendments, but we should also mention the 21st amendment, which repealed the 18th amendment banning the sale, importation, production, and possession of alcoholic beverages. 

Gary Schlarbaum, one of our generous supporters, has offered to match all donations received through December 9.

That means your $10 donation becomes $20, your $25 donation becomes $50, and so on.

MarketWatch declares today: “It’s official: America is now No. 2”.

We ran four articles on the Swiss gold initiative, beginning with Claudio Grass of Switzerland, who was interviewed on Mises Weekends. Grass was generally positive about the intitiative, if not its prospects for success, here and here. During the second interview, however, Jeff Deist noted several critics who have pointed out numerous point of weakness in the initi

This article is excerpted from chapter 13 of The Ethics of Liberty.1

Few aspects of libertarian political theory are in a less satisfactory state than the theory of punishment.

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