Why We Need a Free Market in Money
A free market in money means real freedom to choose what money we use. This may mean people turn to gold and silver. Or they may turn to crypto. What's important is that it's market-based money.
A free market in money means real freedom to choose what money we use. This may mean people turn to gold and silver. Or they may turn to crypto. What's important is that it's market-based money.
Presented at the Symposium with Ron Paul on Saturday, 7 November 2020, in Angleton, Texas.
Even if the central bank were to be successful in preventing the fall of the money stock, this would not be able to prevent a depression if the pool of real savings is declining.
This is the greatest public health fiasco in the history of the world, and the media has distorted it so badly, that much of the general public is celebrating villains and hissing at heroes.
Remember savings bonds? They were popular before the central bank made sure that safe, low-interest investments became a thing of the past.
Murray Rothbard was enthusiastic about fighting for laissez-faire and freedom through both scholarship and political activism. He wasn't afraid to push freedom and free markets with everyone he could, including academics, politicians, the media, and the public.
It should be self-evident that a just and moral political regime can only exist in the long term if a sufficiently large number of people actually believe in it.
Remember savings bonds? They were popular before the central bank made sure that safe, low-interest investments became a thing of the past.
A single vote on the Fed's policymaking committees wouldn't make any real difference. On the other hand, the Fed will brook no dissent from the official media and academic narrative.
Grand invocations that "I will unify us" are actually shorthand for "We mean to get our way, regardless of others' well-being and desire."
A trade deficit isn't actual evidence that anything is wrong. But if it were, one of the best things to do would be to reduce government spending. Unfortunately, politicians disagree.
The Japanese experience offers valuable lessons for the US and Europe. A loose monetary policy can stabilize a recession for the short term, but a persistent flood of cheap money paralyzes productivity gains and growth.
Election 2020 is the same as every other election, only the state’s mask of legitimacy is slipping.
The masses only choose between the ideologies developed by the intellectual leaders of mankind. But the masses' choice is final and determines the course of events. If they prefer bad doctrines, nothing can prevent disaster.
Useful goods and services, and the productive resources needed to create useful goods and services, are wealth. Money is not wealth, and creating more money without first creating wealth is a big problem.
Ideas have consequences, and unless we spread the ideas of freedom and free markets first, no election or politician will bring about the changes we want.
Pollsters, many of whom predicted an overwhelming "blue wave," obviously failed miserably as reliable gauges of political sentiment. But prediction markets may offer an alternative.
The cynical voter casts a vote with the belief that it might improve his situation, or at least throw some obstacles in front of a regime that is bent on inflicting ever greater damage on the voters.
The new "right to repair" measure on the ballot in Massachusetts has very little to do with rights, and a lot to do with new costly and bureaucratic mandates on automakers.
Even if he loses, Donald Trump still has time to change military policy, pardon allies, unseat the Federal Reserve Board of Governors, and throw a wrench in the deep state apparatus.