The Fed’s responsibilities keep expanding. A 1977 update to the Federal Reserve Act included the goals of “maximum employment” and “stable prices”. Many economists, even in the mainstream, criticize this dual mandate as a difficult, if not impossible, balance.
I’ve noticed that the following Rothbard quote tends to circulate periodically amongst free-market groups:
In his new book By the People, Charles Murray claims that government has become tyrannical, and therefore people ought to disobey bad laws. But only some laws, Murray explains. Tax laws are just swell, as is the foreign-policy status quo.
Much of the political thinking about violence in the United States comes from unfavorable comparisons between the United States and a series of che
International trade grasped headlines with Monday’s announcement that twelve governments have agreement on the Trans-Pacific Partnership. While we should expect to see this celebrated in the editorial pages of the Wall Street Journal, it is unfortunate even libertarian organizations are praising the agreement.
Statistically, alcohol abuse causes far more death, violence, injury, and disease than guns do. And yet, further limiting access to alcohol is off the table while gun restrictions are fair game. In the gun debate, the double standards are plentiful.
