5. The Revolution of 1913
In 1913, economics and liberty collided when the Federal Reserve Bank was created, the 15th Amendment created the income tax, and the 17th Amendment instituted direct election of Senators.
The Fed
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Sowing the Seeds of the Next Crisis
Thorsten Polleit warns that one should not get carried away by wide spread euphoria.
Interest Rate Dynamics for Dummies
Poor Alan Greenspan — ex Ruler of Rates. Once he stood before masses of moneymen who dare not cough lest they miss a word, an inflection even.
The Production of Security
Molinari’s article is the first presentation anywhere in human history of what is now called “anarchocapitalism.”
Beware the Alchemists
A book-length manuscript based on notes taken by Bettina B. Greaves during the Mises Seminar in New York in the 1960s.
The Make-Believe World of Central Banking
Thorsten Polleit explains how the Fed and the ECP are trying to create what they cannot: a growing economy with low interest rates, minimal inflation, and no business cycles.
There Is No Such Thing as a Fair Tax
Writes Laurence Vance: the FairTax Plan—a proposal to replace the current system of federal taxes with a national sales tax is a disaster waiting to happen.
New Face, Old Menace
By focusing on the symptoms rather than causes, there is no way that one can make an economy more healthy and prosperous.
