The System Builder

From 1974: Still in his mid-40s, Rothbard’s writings have begun to see the light of day in the New York Times, Intellectual Digest, and many other prominent publications — left, right, and center. He has appeared on numerous radio and television shows, including the Today Show, and his ideas have been debated widely throughout the country.

Two-Cent Pennies: a Window on Inflation

It turns out that the penny is an economic bellwether — an indicator of the long-term course of the US dollar and of the soundness of US monetary policy. The penny does have a story to tell. Like a canary in the coal mine of America’s monetary system, the penny can warn of lurking inflationary troubles. The lowly penny indeed has economic relevance far beyond its size and value.

Farewell to Aleksandr Solzhenitsyn

We will remember Solzhenitsyn as an unyielding champion of freedom who dedicated himself to revealing the horrors of socialism and exposing the ultimate evil of Lenin, Stalin, and their cohort of mass murderers. Once a prisoner of brutal labor camps himself, Solzhenitsyn chronicled the horrors of the Soviet Gulag system and emerged as a one of Russia’s greatest writers. He became a moral and spiritual leader who exposed and condemned the nefarious nature of the socialist ideology that served as the basis for the monstrous communist slave camps established from Siberia to Ethiopia, Cuba to Vietnam, China, and Yugoslavia. He riveted socialists of all countries whose secret ghastly history he exposed.

An Open Letter to Leftist Opponents of Intellectual Property: On IP and the Support of the State

We libertarian opponents of IP sometimes perplex IP advocates and leftists. There’s an analogy here to the way libertarians, and especially anarcho-libertarians, are treated by mainstreamers. The press does not know what to do with libertarians, for example. They typically use “libertarian” to denote civil-libertarian ACLU types; while libertarian thinkers and institutions are often described as “conservative.” And “anarchy” is usually associated with chaos, bomb-throwing, or leftist anarchists–rather than with anarcho-libertarianism, which is the only genuine form of anarchism.

Is Deleveraging Bad for the Economy?

On Wednesday July 30, the Federal Reserve announced that investment houses could tap the central bank for a quick source of cash through January 30. The program, started on March 17, was originally supposed to last until mid-September. Another program, where investment firms can temporarily swap more risky investments for safe Treasury securities will also continue through January 30, the Fed said. And, it will also let commercial banks, in a separate program, bid on cash loans that last longer — for 84 days, besides the 28-day loans now available.

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