As Glenn Greenwald makes clear, Bush has applied his claim to be above the law far beyond the issue of wiretaps. Bush has acted on the belief that he may seize anyone, even an American citizen living within the United States, and hold him as he deems fit in a military prison, there to be subject to harsh treatment that does not fall short of torture. Greenwald has rendered an inestimable service by his clear and cogent analysis of gross presidential usurpation of power. FULL ARTICLE

The new banking policy in Second Life has strong parallels to the adoption of 19th-century banking regulations in the real world. These regulations were supposed to stop wildcat banking, where ambitious bankers expanded credit through risky loans until defaults led to insolvency and left their depositors empty-handed. Similarly, in Second Life, unregulated banks have offered demand deposits bearing interest rates of 40% or more, at least one of which never actually had any loans underlying its interest-bearing deposits.

The Museum of American Finance of course. Here is its website.

[This article is excerpted from chapter 21 of Mises: The Last Knight of Liberalism.]

This article is excerpted from chapters 12 and 14 of Mises: The Last Knight of Liberalism.

In 1925, Ludwig von Mises, entering his mid-forties, finally met the woman who would become his wife.

If you can’t yet find all of Murray Rothbard’s writing on Mises.org, the gap is small and closing. For those of us who discovered Rothbard through his books, it is especially fun to see the seeds of certain chapters sewn a decade or two earlier in letters to the Volker Fund, letters to and short articles for The Freeman, or as brief editorials in his own newsletters, Left & Right, and Libertarian Forum.

The coercive recycling structure is set up in layers, where the consumer (”producer” of waste) gets to do most of the work of sorting, cleaning, and transporting the trash to collection centers. Government-appointed companies then empty the containers and transport the materials to regional centers where the trash is prepared for recycling. And then everything is transported to centralized recycling plants where the materials are prepared for reuse or burning.

My recent article “A Creditors’ Protection Bill” has been criticized because of its call for the insertion of a partial gold clause into existing contracts, with or without the consent of debtors. The criticism is that this would be an interference with the freedom of contract.