Murray Rothbard would have turned 90 years old on Wednesday, and his contributions to economics have never been more relevant. Rothbard’s uncompromising assault on the state has made him one of the rare scholars to see his influence grow, even after his passing.
Taxes usually aren't terribly popular with the people who pay the taxes. Fortunately — from the government's perspective — the central bank is there to help tax the people more without their noticing.
It is high time to turn to Rothbard in the search for advice. His recipe for dealing with depressions and how to avoid turning a recession into a depression is of timeless relevance.
Dissatisfaction with the Fed appears to have gone mainstream, and this may increase if the Fed descends into negative interest rate policies. But, as always, a sound understanding of economics is key.
Bernie Sanders says he wants to reform the Fed, but Bernie's wrongheaded views on Fed policy demonstrate why it's important to oppose the Fed for the right reasons.
Central banks worldwide are putting their faith in negative interest rates. Unfortunately, these central bankers do not understand what interest rates are supposed to do, or how manipulating them will lead to a bust.
NIRP will fail miserably, in part because they signal that the central banks are out of options and the economic system is in terminal decline.
Central Banks now pay interest on bank reserves held at the Fed. It may sound like only a minor change, barely worthy of notice, but it's actually a very recent and radical experiment for central banks, with large implications for monetary freedom.
Thanks to our bankrupt economic policies, faith in our regime will soon be shaken whether we like it or not. Fortunately, we don't need a majority to make some changes for the better, writes Ron Paul.
