The Folly of 1845: Texas and the Evils of Annexation
The opposite of secession is annexation wherein governments extend their monopolies over a greater territory.
U.S. Economy
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The Folly of 1845: Texas and the Evils of Annexation
The opposite of secession is annexation wherein governments extend their monopolies over a greater territory. Just as secession naturally limits the power of states, annexation extends it, and should be opposed.
If the Economy’s So Strong, Why Is the Fed Keeping Rates So Low?
Mark Thornton Discusses the Fed's Non-Plan.
How Much Longer Can the U.S. Economy Bear the Burdens?
Ordinary people, and sometimes experts as well, tend to overreact to short-term economic changes.
Investing in Cash: The First Step toward 100 Percent-Reserve Banking
A new survey by American Express reveals that 29 percent of Americans keep at least some of their "savings" in cash.
Juan de Mariana and the Modern American Politics of Money: Salamanca, Cervantes, Jefferson, and the Austrian School
ABSTRACT: Juan de Mariana may have had more direct lines of influence on the contemporary political denunciation of central banking in the United States than previously thought. As the culmination of a series of monetary theorists of the School of Salamanca, Mariana’s genius was his ability to synthesize and articulate a critique of the inflationary monetary policies of the Spanish Habsburgs. Furthermore, the Jesuit scholar linked his economic analysis to his equally scandalous endorsement of regicide. For their part, both the monetary policy concerns and the rebellious animus of the modern libertarian wing of American politics echo Thomas Jefferson’s views during the early Republic. These views also likely owe something to Mariana’s uniquely menacing confrontations with the Habsburgs. And thanks to the Virginian’s lifelong appreciation of Miguel de Cervantes’s great novel Don Quijote, which was itself heavily influenced by Mariana, the fascinating connections between Jefferson’s and Mariana’s politicized understandings of money are even further intertwined.
Review of The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance by Eswar S. Prasad
Volume 17, No. 4 (Winter 2014)
Eswar S. Prasad
Princeton: Princeton University Press, 2014, 432 pages
The End of Bubble Blowing?
In this fascinating interview, Mark Thornton explains how the Austrian business cycle predicted the housing bubble, and how those cashing in on it
Allan Stevo on the SOTU: 10 Things Obama Should Announce Tonight
President Obama's acolytes have begun circulating the term "middle class economics" through the Sunday morning news programs and throughout the media.
The Calamity of the Federal Reserve
Interviewed by Solidus.Center founder Seth Mason, Mark Thornton and Walter Block discuss the history of the Fe
