President Trump has announced his intentions for the government to set up a sovereign wealth fund. However popular the idea might be, it runs headlong into the realities of economic calculation and would soon deteriorate another government slush fund.
The Southern Reconstruction, while portrayed by progressives as virtuous northerners trying to rebuild the South, was actually an attempt to use state power to direct social and economic life there.
The gold in the US gold reserve is a legacy of the time the US government refused to keep its promise to redeem dollars in gold, and when it reneged on its legal obligations to repay debts in gold.
J.B. Say deserves to be remembered, especially by Austrian economists, as a pivotal figure in the history of economic thought. Yet, one finds him discussed very briefly, if at all.
While historian Walter A. McDougall was not a libertarian, nonetheless he had some Rothbardian insights on Woodrow Wilson and his reckless intervention into World War I. David Gordon notes that while McDougall‘s views on intervention were inconsistent, they still are useful.
Although egalitarian interventionism constantly is wrecked on the shoals of reality, there is always a stable of new politicians eager to promote what Murray Rothbard called “a revolt against nature.”
Ryan is joined by Economist and Mises Institute Fellow Kristoffer Hansen to discuss what would have happened if Argentina President Javier Milei had immediately shut down the country's central bank. The same holds for every other central bank, as well.
The US government‘s gold stockpile is not supporting the US dollar. The demand for US debt and currency is largely based on the state‘s taxation power. It‘s not based on gold.
The world‘s trading systems are broken, thanks to fiat currencies and the reckless deficit spending by the US government. There is a way out; it is called settling accounts in gold, which would force fiscal sanity once more.
In a recent New York Times column, Dartmouth professor Brooke Harrington claimed that Trump is undoing trust in our institutions while Franklin Roosevelt restored it. Clearly, Harrington doesn‘t know much about FDR—or Trump.
