You know we’re living in topsy-turvy times when the central bank does everything in its power to stop full-service banking in favor of fractional-reserve banking. The reason: success in the former exposes the structural flaws in the latter. Should the public catch on, the system could buckle simply by too many people asking for their money back.
In our modern, Western world, many justify the state and its policies because of the presupposition that the state—and the state uniquely—is an indispensable service-provider of essential services that could not or would not be provided by the free market or which would be underprovided were it not for the state’s collective provision. This is the public goods argument.
The destruction of New York is the logic of decades of history and long-forgotten pols addicted to outrageous spending and taxation.
Today’s successors of these big taxers are as myopic as the Bourbon kings who “learned nothing and forgot nothing.”
It didn’t start with the election of socialist/communist Mayor Zorain Mamdani, who followed in their footsteps and said the government should control “the means of production.”
John Stossel asks guests, how did America make it to 250 years?
Featured in the video are Ryan McMaken and Ron Paul.
The pattern of media reports – based on White House leaks – that an agreement with Iran is almost completed has become predictable. Where once the markets fluctuated wildly (and some insiders made huge profits with the information), each time we hear that the deal is almost complete only to see it fall through, the markets barely move.
He now basically supports the opposite of every position he campaigned on. So it would be interesting to see him now campaign on the claim that “THIS time I’m not lying.”
There was a recent discovery of hydrocarbons in offshore soil samples, suggesting that Jamaica may possess oil deposits. Yet, even with that promising sign, some people are now saying Jamaica should not even want to find oil. One economist even went as far as to say: “I hope oil is never discovered in Jamaica.
Over the weekend, Mises Institute Associated Scholar Antony Mueller passed away. As noted by our friends at Mises Institute Brasil, where Mueller held the title of Senior Fellow, he “built a career marked by academic rigor, independent thought, and exemplary dedication to the study of economics, social philosophy, and the Austrian School.”
