In the failure of Silicon Valley Bank and Signature Bank, U.S. officials decided to cover all the uninsured deposits in both banks — that is, deposits that exceeded the $250,000 insurance coverage of the FDIC. The belief was ...
The mainstream press and the Internet are filled with commentators who are expressing deep regret and remorse for having supported the U.S. invasion of Iraq in 2003. That’s a good sign. But we shouldn’t forget that the U.S. ...
Little did we know when we held our online conference last fall how prescient it would be. The conference was entitled “End Inflation and the Fed.” It featured some of the most competent libertarian and Austrian ...
The Los Angeles Times has an interesting article today by Nicholas Goldberg about the Pledge of Allegiance. Goldberg praises those independent-minded students and parents who have challenged its enforcement in public (i.e., government) schools.
The ...
The United States once had the finest monetary system in history. It was a system that the U.S. Constitution established. It was a system in which the official money of the United States consisted of gold coins and ...
The U.S. invasion of Iraq, whose 20th anniversary occurs this month, provides a perfect demonstration of why so many people around the world believe that the U.S. government suffers from a very grave case of hypocrisy. While U.S. ...
The Justice Department has announced it is investigating the banking crisis. It will undoubtedly charge that banking officials are responsible for the crisis. One thing is for sure: It will not indict the Federal Reserve System, which is ...
Imagine that for the last 100 years, the federal government’s policy was to bail out every business that was in danger of going under. The policy would consist of shoveling large amounts of subsidies into the business in ...
For a long time now, I have been maintaining that America’s cruddy monetary system was headed toward a crack-up. Of course, it’s always impossible to predict the exact timing of such a crack-up but it’s not difficult to ...
The New York Times recently carried an interesting article about the death in 1973 of Pablo Neruda, one of the most renowned poets in the world. Neruda was a Chilean citizen. He was also a strong ...
