The Case Against the “Free Bankers”
Despite support from some economists in the free market camp, fractional reserve free banking is doomed for failure, as Murray Rothbard pointed out.
Despite support from some economists in the free market camp, fractional reserve free banking is doomed for failure, as Murray Rothbard pointed out.
"There are those who still think they are holding the pass against a revolution that may be coming up the road. But they are gazing in the wrong direction. The revolution is behind them. It went by in the Night of Depression, singing songs to freedom."
The right of self-determination is the right of the inhabitants of every territory to decide on the state to which they wish to belong.
Under a system of private ownership, in which the government's only function is to protect property rights, it is immaterial where the frontiers of people's country are drawn.
While there is a public uproar about China having access to the work of American scientists, there is a bigger issue at stake: Is science “owned” by “the public”? If not, why are we so worried about the Chinese?
Whether rates go up or down, neither outcome will be pleasant, leaving a bondholder caught between the Unthinkable and the Unimaginable.
We are told that it takes “eternal vigilance” to protect our freedom. But what if the entity taking away our freedom has the weapons and the “law” on its side?
Bob sits down with researcher Robert Aro to review his recent Mises.org article on why the widely anticipated post-QT crash never materialized.
We are reminded time and again that prices emerge from subjective valuation, not objective criteria.
War in the Persian Gulf doesn’t just mean pricier gas. It can snap hidden supply chains that keep modern life running, from fertilizer and copper to plumbing repairs.
Ryan McMaken looks in detail at an important essay by historian Ralph Raico in which Raico critiques Ludwig von Mises's views on democracy, fascism, and immigration.
The anti-meat movement has influenced government policy well beyond anything close to the truth about meat. From the discredited food pyramid to government funding of “lab-grown meat,” government aids the activists who are making our lives worse.
With President Trump demanding people in the armed forces as well as in other government offices do his bidding no matter what the law might be, it is time for people to learn the lesson of Captain Vere.
Kaneki Kojo interviews Mark Thornton on the link between government policies and the rising cost of living.
Our own Jonathan Newman had the opportunity to sit down with a Federal Reserve governor. The central banker's answers to Newman's questions were evasive and riddled with contradictions. It seems there is not much behind the Fed's technocratic veneer.
The conservatives finally got their populist victory for middle-American working-class voters. The result is more federal spending, more federal power, and Israel-first foreign policy.
Just as, for them, liberty must be the highest political end, peace must be the highest end of foreign policy.
A foreign policy that seeks to maintain a global empire is entirely incompatible with the laissez-faire, free-market system at home that many hawkish self-described libertarians claim to support.
President Trump is not only angering Iranians and most of Europe. He also is making new enemies in both North and South America. Perhaps it is time for policy reset.
According to Rothbard’s first law of incidence, “no tax can be shifted forward.” That is, the person or company paying the tax cannot make the buyer pay the tax.