JOIN OR RENEW TODAY
In the cold light of economic reasoning, we can see that the Marshall Plan was in essence a scheme for postponing the bankruptcy of socialism and the welfare state.
Money and Banks
In its effort to patch together a working financial system out of postwar crises, the Federal Reserve would wildly exceed its mandate, flooding the world with dollars.
Any discussion of money and banking in the United States post-1945 starts with introducing its two central features: the Bretton Woods System and the New Deal.
Bureaucracy and RegulationLabor and Wages
Workers should have the freedom to take their time off when they need it most. Official government holidays don't actually mean more time off. They just mean less flexibility.
U.S. HistoryWar and Foreign Policy
The antiwar movement had been comatose for five years, ever since Obama ascended into the White House. But the potential of a new war in Syria revived moribund activists.
Easy money monetary policy only serves to weaken and destroy savings and investment. And that means weaker future economic growth.
Philosophy and Methodology
James Buchanan thought the state was a voluntary institution. Murray Rothbard, on the other hand, understood the reality of state violence and coercion.
From the point of view of present-day standard macroeconomics, monetary history is a succession of technical changes to facilitate an increasingly large inflation of the money supply.