"There is no doubt that when a fractional reserve bank discounts commercial paper (real bills) it creates money (perfect monetary substitutes)."
Calhoun’s 173-year-old treatise is not just a diagnosis of how we got here, but a roadmap for escaping from this tyranny and being rid of the “woke” totalitarians among us.
While Social Security is not exactly a pension system, it has had a negative effect on private pension plans and has discouraged people from engaging in long-term savings. In the end, its negative effects outweigh the positive ones.
Thomas Woods has reminded us more than once that “no matter who you vote for, you get John McCain.” House Speaker Mike Johnson is the latest example.
Few ideas are as closely associated with Marxism, writes Ralph Raico, as the concepts of class and class conflict. But the concept itself, with a more realistic understanding, originates in liberal theory.
As Murray Rothbard noted, reason is a powerful tool to help us discern how to thrive in our world. Government, through propaganda and interference with education, seeks to stifle reason and replace it with obedience to the state.
How many people in our history―a couple hundred years―took the oath of office, and how many times did they violate the oath of office?
In return for power, positions, and money, intellectuals persuade the majority that their government is good, wise, and at least inevitable.
The government is determined to get between us and the truth.
Many policymakers and economists believe that they are smart enough to manipulate all the rest of us, in a consistent and reliable manner.
When UFC fighter Renato Moicano urged people to read Mises's Economic Policy: Thoughts for Today and Tomorrow, it led to a surge in popularity for the book, which is a transcription of lectures he gave in Argentina in 1959. Let's see what Mises says in these lectures.
Recent Iranian missile strikes on Israel in response to its earlier attack on the Iranian consulate in Syria have escalated the prospects of all-out war in the Middle East. There is an alternative to expanding the war: de-escalation.
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