Gresham’s Law: Why Bitcoin Will Save the World
Does bad money drive out good money? Mark Thornton discusses one of the most impactful principles of modern society.
If Republicans Are Against Lawfare, They Shouldn’t Have Unleashed It
Republicans today are decrying the “lawfare” that Democrats are using against them, and rightly so. However, had Republicans not vastly expanded federal criminal law during the infamous Wall Street prosecutions…
Ten Lessons on Us Foreign Policy from Enough Already
In this review of Scott Horton’s new book, Enough Already, we see that the wars the US has raged for the past quarter century in the Middle East have been…
No Central Bank Wants to Stop Price Inflation
No interventionist government or central bank wants lower prices because inflation allows the government to increase its power while slowly breaching its monetary commitments.
Money-Supply Growth Hit a 23-Month High, and the Fed Wants More
Money-supply growth accelerated year over year in August by the largest amount in 23 months. The days of falling money supply growth rates are over.
Who Starts Business Cycles? Banks or the Fed?
Are Austrian economists clinging to an old-fashioned view of banking? In short, no, and here is why.
Centralizing Federal Power through Southern Reconstruction
One of the outcomes of the American Civil War was the movement toward centralization of political power in Washington. The Reconstruction regime imposed upon the former Confederate states following the…
The Present Monetary System Is Heading for a Breakdown
As monetary authorities continue to inflate the money supply, they inflict more and more damage upon the currency. Unfortunately, as the economy falters under the inflationary regime, the “solution” always…
Home Ownership Is Not the American Dream
Home prices continue to rise as the government tries to further intervene into the housing markets, all in the name of the “American Dream.” However, remember that these massive increases…
“I Have Bills to Pay,” Or Why the Fed Really Cut Interest Rates
What if we could have eavesdropped on a conversation between Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen? It might have gone as follows….