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The Living Reality of Military-Economic Fascism
The Living Reality of Military-Economic Fascism “The business of buying weapons that takes place in the Pentagon is a corrupt business — ethically and morally corrupt from top to bottom. The process is dominated by advocacy, with few, if any, checks and balances. Most people in power like this system of doing business and do […]
Central Planning Failed in the USSR, but Central Banks Have Revived It
Central Planning Failed in the USSR, but Central Banks Have Revived It The Federal Reserve’s changing of the guard — the end of Janet Yellen’s tenure and the beginning of the Jerome Powell era — has me remembering what it was like to grow up in the former Soviet Union. Back then, our local grocery […]
Three New Deals: Why the Nazis and Fascists Loved FDR
Three New Deals: Why the Nazis and Fascists Loved FDR [Three New Deals: Reflections on Roosevelt’s America, Mussolini’s Italy, and Hitler’s Germany, 1933-1939. By Wolfgang Schivelbusch. Metropolitan Books, 2006. 242 pgs.] Critics of Roosevelt’s New Deal often liken it to fascism. Roosevelt’s numerous defenders dismiss this charge as reactionary propaganda; but as Wolfgang Schivelbusch makes […]
John Law and the Mississippi Bubble – 300 Years Later
John Law and the Mississippi Bubble – 300 Years Later Most people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble, tulips, and more recently dot-coms. Some historians can go even further, quoting the famous account by Charles Mackay of the South […]
John Law–300 Years On
JOHN LAW – 300 YEARS ON Most people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble, tulips, and more recently dot-coms. Some historians can go even further, quoting the famous account by Charles Mackay of the South Sea bubble, the tulip […]
Turkey’s Crisis and the Dollar’s Future
Turkey’s Crisis and the Dollar’s Future Last week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of the withdrawal of dollar liquidity. There are huge quantities of footloose dollars betting against these weak currencies, as well as commodities […]
Liberty Defined
Liberty Defined Liberty means to exercise human rights in any manner a person chooses so long as it does not interfere with the exercise of the rights of others. This means, above all else, keeping government out of our lives. Only this path leads to the unleashing of human energies that build civilization, provide security, […]
When LBJ Assaulted a Fed Chairman
When LBJ Assaulted a Fed Chairman In his column today, Ron Paul mentions that those who insist the Fed functions with “independence” tend to forget — or at least not bring up — the numerous historical episodes in which the Fed did not exercise any such independence. As an example, Paul mentions the time President Lyndon […]
Three Economics Lessons I Learned from My Dad
Three Economics Lessons I Learned from My Dad As long as I’ve known him, my father has always been the entrepreneurial type. Even now, in his seventies, he picks up side jobs both to keep busy and to have a little extra spending money. Throughout my childhood and youth, he had always been an independent […]
All Is Not Well In Financial Markets
All Is Not Well In Financial Markets It seems to be a hard time for those expressing concern about the build-up of risks in the economic and financial system: the major economies in the world are expanding at a decent clip, credit default concerns are very low, and stock and housing prices keep going up, […]
Can Sophisticated Technology Prevent Severe Economic Slump?
CAN SOPHISTICATED TECHNOLOGY PREVENT SEVERE ECONOMIC SLUMP? Most economic commentators are likely to agree that in relation to the period prior to the Great Depression, the present world is many times more sophisticated in terms of advanced technological knowledge. It is then tempted to suggest that with the present advanced technology we are in a […]
The War on Curiosity
The War on Curiosity Last March, protestors at Middlebury College in Vermont sent professor Allison Stanger to the hospital with a neck injury. Stanger’s crime? She had the nerve to ask the protestors to allow the conservative/libertarian author Dr. Charles Murray to speak, and then to engage in a debate after his speech. According to […]
Is Libertarianism Utopian?
Is Libertarianism Utopian? Libertarianism – and any political position that leans towards a greater degree of freedom from the state – is opposed both ethically and economically on a number of substantive grounds. The proposition that without the state we would have inequality, destitution for the masses, rampant greed, and so on is a familiar […]
How the United Kingdom Became a Police State
How the United Kingdom Became a Police State This article will demonstrate how the United Kingdom has steadily become a police state over the past twenty years, weaponizing its institutions against the people and employing Orwellian techniques to stop the public from seeing the truth. It will demonstrate, contrary to official narratives, that both overall […]
Trade Tariffs Won’t Crash the World Economy, Monetary Policy Will
Trade Tariffs Won’t Crash the World Economy, Monetary Policy Will As the Trump administration announces 25% tariffs on over $50bn of Chinese goods, and Europe and China prepare retaliation measures, The Economist concludes that “Rising tariffs are the worst of many threats to the world economy”, because, among other things, “Tariffs temporarily push up inflation, […]
