Podcast

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.

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.

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.

Remember savings bonds? They were popular before the central bank made sure that safe, low-interest investments became a thing of the past. 

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.

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.