Central banks always result in feeding forces that centralize and expand the nation-state. The Fed’s policies in the 1920s, would provoke the Great Depression, which, in the end, wrenched political power from cities and state governments to the swampland in Washington
Real, lasting change comes only with education and with the intellectual movements behind them, and with a revolution in ideas. It’s up to us and the scholarship of the Austrian School to show the nature of central banks and state-dominated economies, and how it would work without them. Help continue the revolution.
“If you say the goal of the Fed was to prevent calamities, then you have to say that it has been a failure.”
Today is the 80th anniversary of the Repeal of Alcohol Prohibition in 1933.
The advent of film, as a creative medium, presented a challenge to the historical understanding of copyrights.
If we wish to limit the power of the state, the state’s death penalty may be a good place to start.
The Articles of Confederation permitted the states to become tyrants, and the Constitution has permitted the federal government to become tyrannical.
“War is the health of the state.” Lies, myths, superstitions, and propaganda have always been the essential ingredient of the warfare state.
The purpose of this postal monopoly was to enable officials to read the letters of private citizens.
