Missouri Senate Votes to End Income Taxes on Gold and Silver, Hold Monetary Metals in Reserve

The Missouri Senate today passed legislation that would prompt the state treasurer to hold at least 1% of state funds in gold and silver while eliminating all state income taxes on monetary metals.

In a growing national backlash to the rampant inflation caused by massive federal spending, debt, and central bank money printing, more than a dozen states are already moving forward on sound money bills during their 2023 legislative sessions.

The Federal Reserve and the Terrible, Horrible, No Good, Very Bad Economic Policy

It’s sad and laughable, unreal, but not surprising; it didn’t make headlines but should have been front page news. Earlier this month the Federal Reserve released a one-page document called the Statement on Longer-Run Goals and Monetary Policy Strategy.

Deception is easy to spot when the most basic inquiry illuminates falsehoods being implemented as monetary policy. We deserve better. Here are some of the most egregious ideas:

Decorum Propels DC Deceit

During Tuesday’s State of the Union address, President Joe Biden uncorked a series of howlers that eventually spurred heckling from Republican members of Congress. Pundits raced to condemn the backlash to Biden “You saw real white trash on display,” declared James Carville on MSNBC. Carville, who served as President Bill Clinton’s hit man, claimed he had a “the equivalent of a Ph.D.

Biden versus Bastiat

Whether well-intentioned or otherwise, a “Made in China” ban for construction materials on federally funded infrastructure projects will benefit a chosen political class to the detriment of all else.

“This rival, which is none other than the sun, is waging war on us so mercilessly . . . We ask you to be so good as to pass a law requiring the closing of all windows, dormers, skylights.”

Making Nonsense from Sense: Debunking Neo-Calvinist Economic Thought

A few years ago I wrote about some of the errors made by economists who try to apply what they believe are Christian principles to both Austrian and neoclassical economic analysis. These economists believe that the standard economic way of thinking is not only fatally flawed but actually immoral, and that an entire new paradigm must be brought to economics.