"My preference would be that all state central banks would be shut down and razed to the ground, so that true money again could be produced by private firms. If not, at least the competition between national currencies should be as great as possible." –Murray Rothbard, 1993
Justin Trudeau won with a weak "victory" in Canadian elections last week, but he nonetheless claimed a "mandate" for vaccine passports and huge increases in federal spending.
Let's stop pretending default is unprecedented. The US defaulted on debts in 1934 and again in 1979. Today it engages in de facto default through financial repression and monetary inflation.
As US military interventions continue across several continents, we should remember that much of US foreign policy is little more than cleaning up messes the US created.
As inflation becomes more obvious, governments will be blaming businesses for causing the inflation that policymakers have fueled. This is a step on the way to price controls.
The public must come to a fuller understanding that without private property there is no liberty; that there is no safe middle of the road; and that we citizens are engaged in a constant struggle with government over how much of our own property, and of the fruits of our own labor, we will be able to keep and benefit from.
Like Mises before us, the Institute's mission is to defend, promote, and develop the ideas vital for a free and prosperous civilization.
Never has anything like a state of nature as depicted by social contract theorists existed anywhere.
The FBI’s power and federal legitimacy are far more tenuous than Washington recognizes. Beyond the nation’s big cities, federal authority hinges largely on the consent of local citizens.
The problem with China is that the entire economy is a huge indebted model that needs almost ten units of debt to generate one unit of GDP, three times more than a decade ago.
