Monetary Policy

Gold and Freedom, Part 3

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Part 1 | Part 2 | Part 3 | Part 4 Abraham Lincoln and Franklin Roosevelt were the two presidents most responsible for the abandonment of sound money in the United States. These two U.S. presidents opened the floodgates to the monetary debauchery under which today’s Americans have suffered for their entire lives. In waging war to prevent ... [click for more]

Gold and Freedom, Part 2

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Part 1 | Part 2 | Part 3 | Part 4 The Framers had experienced the ravages of paper money during the Revolutionary War and under the Articles of Confederation, and they were fully aware of how governments had plundered and looted their own citizenry with inflation throughout history. Therefore, the Framers used the Constitution to ensure ... [click for more]

Gold and Freedom, Part 1

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Part 1 | Part 2 | Part 3 | Part 4 Among the major threats facing the American people today is out-of-control spending at the hands of the U.S. government. It is a grave danger that people have faced throughout history from their own governments. After all, let’s not forget the oft-repeated claim by U.S. officials about ... [click for more]

Bipartisan “Stimulus” Nonsense

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The cynicism and shallowness of politics have been abundantly on display throughout the debate over the “stimulus” bill. The Democrats insult the intelligence of the American people by peddling the following sophistry: Republicans were big spenders when they controlled the government. Republican criticism of Democrats for being big spenders is ... [click for more]

Don’t “Compromise” on the Bogus Stimulus Bill

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As the misnamed “stimulus” bill works its way through Congress, we once again see compromise equated with responsibility. The political “leadership” and establishment media seemed to have a vested interest in portraying anyone who refuses to compromise as recklessly unconcerned with the well-being of the country. The problem with this ... [click for more]

What Greenspan Missed

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Former Federal Reserve Chairman Alan Greenspan made headlines around the world with this admission: “hose of us who have looked to the self-interest of lending institutions to protect shareholders’ equity (myself especially) are in a state of shocked disbelief. Such counterparty surveillance is a central pillar of our financial ... [click for more]

Why Not Abolish the Fed?

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One of the positions of Republican presidential candidate Ron Paul that mainstream pundits find “wacky” is his call to abolish the Federal Reserve System. Never mind that two Nobel Prize-winning economists — both libertarians — called for the same thing. And never mind that the Fed is the entity directly ... [click for more]

Government-Made Crises

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A fascinating aspect of government intervention is how it induces people (1) to get embroiled in the crisis environment that the intervention produces, and (2) to feel a vested interest in coming up with a solution to the crisis. Consider price controls, an intervention that governments traditionally turn to in response to their own debasement of the currency. As prices ... [click for more]

Political Stimulus

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Not understanding basic economics is dangerous because you’re vulnerable to political con games foisted by unscrupulous politicians. Economics properly conceived is just common sense about human activity. An examination of the proposed economic stimulus will make this clear. Nearly all politicians claim that the economy needs a stimulus that only they ... [click for more]

Brace Yourselves

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Make no mistake about it: the central economic problem facing the United States is out-of-control federal spending and the massive federal debt that continues to pile up. As welfare-state spending and warfare-state spending have continued to soar for the past seven years, U.S. officials have gone on a massive ... [click for more]
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