In the period from 1913 to 2007, the Fed — implementing its mission to "stabilize the price level" — destroyed over 97 percent of the purchasing power of the dollar. (For comparison's sake, note that the value of the dollar had increased slightly during the 100 years before the Fed was created.)
Right now, the libertarian forces seem to be in full retreat, and West Germany is advancing to familiar ground — to socialism.
So despite the constant outrage and occasional legal hassles, the lack of copyright enforcement in the pornographic movie and entertainment business creates "an industry that is more innovative, creates new products and adopts new technologies more quickly, and for which the reduction in distribution cost has resulted in more output at lower prices and a more diverse product,"
As interviewed by Mike Smyth, CKNW AM 980. Recorded 21 August 2009.
In 1918, the Soviet Union became the first country to promise universal “cradle-to-grave” healthcare coverage, to be accomplished throu
The attempt to enforce equality violates human nature.
"The truth behind most of the regulations we have today is that there was already a social and cultural movement against the dangers featured in Madmen."
The Fed has essentially created the biggest shipment of currency ever, but the crippled banking system hasn't yet delivered it to our prison camp. When it arrives, it might be handy to have some spare smokes around to trade with.
To support his view that a market economy can effectively wage modern war, Mises advances a surprising claim about the early part of World War II.
The right path to healthcare reform is the market path (no subsidies, no monopolies such as drug patents, no licensure, no anything) that tends toward universal distribution at very low prices and relentless improvement in service. The wrong path is to make healthcare run the same way as the post office.
