The Federal Reserve has officially reported a loss of $57 billion for the first six months of 2023. Quite a number! So the “Federal Reserve Banks Combined Quarterly Financial Report as of June 30, 2023” (CQFR)—a little-known document—is especially notable for its red ink.

When Silicon Valley Bank and other banks failed earlier this year, the debate over the sustainability of fractional reserve banking resurfaced. Under fractional reserve banking, banks keep only a fraction of customers’ deposits in reserve. The difference is bank credit, such as government debt, mortgages, business loans, and many other kinds of loans.

On Friday, September 8, Michelle Lujan Grisham, the governor of New Mexico, announced a new public health order suspending the right to carry firearms in Albuquerque and Bernalillo County for at least thirty days.

One sees many flags at half-mast across the country today. And rightly so. Thanks in part to the negligence and incompetence of the CIA and FBI, the Federal government  failed disastrously at what it tells us is the regime’s number-one priority: public safety.  

[Read More: “9/11 Was a Day of Unforgivable Government Failure“ by Ryan McMaken]

Historically, inflation always referred to an increase in the money supply, whereas nowadays it refers to an increase in prices.

This shift in the definition of inflation lets central banks get away with their fraudulent business. Thus, the original definition must be reestablished. We must, by all means, switch the focus from the symptoms to the disease.

In the late 1990s and early 2000s, LewRockwell.com was established as one of the most important blogs in American politics. In the late 90’s, the blog was a unique voice against the tyranny of the Clinton administration, keeping alive the spirit of the printed Rothbard Rockwell Report earlier in the decade. While the site became a home for a number of talented libertarian voices, including a young Ryan McMaken, the work of Rockwell himself stands out for continuing clarity and relevance.