U.S. History

The current banking crises have deep roots in US financial history. Monetary authorities have engaged in inflationary behavior for more than a hundred years.

Today is the 30th anniversary of the Waco Massacre in which the media and the government self-congratulated each other in absolving the FBI of any crimes. Nothing has changed since then.

To normal people the idea of peace breaking out in the Middle East is a wonderful thing. But Washington is anything but normal.

We are hearing calls both from right and left for an amicable national divorce. In truth, the states were never "hitched" in the first place, at least not by any plausible definition of marriage.

Perhaps the most pernicious Keynesian myth is that a market economy needs wars in order to keep full employment. Wars don't stimulate the economy; they depress it.

David Gordon explores how Abraham Lincoln's stated view on secession was fundamentally Hobbesian, cynical, and violent. 

A generation ago, the Berlin Wall fell and the USSR collapsed. Today, US monetary authorities are bringing down our own country.

San Francisco, as well as the government of California, is calling for millions in "reparations" for black people in that state. Reparations, unfortunately, are fast becoming another anti-property-owner racket.

The only thing that saves citizens from much higher prices is the fact that the transmission mechanism of monetary policy is independent and diversified. Imagine if that transmission was direct and had only one channel, the central bank itself.

The current job market strength partly reflects the ongoing monetary overhang from years of breakneck growth in money-supply inflation. The $6 trillion in money that was newly created since 2020 is still very much a factor.