The Unemployment Racket by Laurence M. Vance June 1, 2009 Americans have many options when it comes to insurance. They can freely get health insurance, life insurance, cancer insurance, dental insurance, disability insurance, homeowners’ insurance, renters’ insurance, parcel-shipping insurance, et cetera. Although auto insurance is required by state laws, it is still obtained from a private insurance company of one’s choosing. One can even get insurance at the blackjack ...
Roosevelt’s Crusade against Gold by Jim Powell June 1, 2009 Early in the New Deal, Franklin Roosevelt became convinced that to get America out of the Great Depression, the federal government must gain total control over money. The Federal Reserve seemed to have been powerless during the contraction, so Roosevelt asserted the power of the presidency. He began demonizing gold. Why gold? For centuries, people have viewed gold as the ...
Hamilton’s Betrayal by George Leef June 1, 2009 Hamilton’s Curse: How Jefferson’s Archenemy Betrayed the American Revolution — and What It Means for America Today by Thomas J. DiLorenzo (Crown Forum 2008); 232 pages. There is a tendency among Americans to think of the nation’s Founders as a group of wealthy white men who owned property, didn’t like ...
Gold and Freedom, Part 2 by Jacob G. Hornberger May 1, 2009 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 ...
Bipartisan “Stimulus” Hypocrisy by Sheldon Richman May 1, 2009 The cynicism and shallowness of politics were abundantly displayed throughout the debate over the “stimulus” bill. The Obama administration and its allies in Congress see themselves as champions of democracy, yet the process by which the bill was rammed through Congress flouted the democratic spirit. The final bill was nearly ...
The Post–9/11 Roundup of Innocents, Part 1 by James Bovard May 1, 2009 Part 1 | Part 2 Many Americans have been lulled into a false sense of security by the end of the George W. Bush administration. In reality, the government continues to pose grave perils to people’s rights and liberties. And it could take only one shocking incident for the government to once again show its heavy-handed ways. Prior to the ...
The Fallacies of Another New Deal, Part 3 by William L. Anderson May 1, 2009 Part 1 | Part 2 | Part 3 Historians want us to believe that Franklin Roosevelt had nothing to do with causing the massive unemployment and World War II that came in the wake of the Great Depression. Instead, they tell us that Roosevelt simply did the best he could with the hand which he was dealt. No doubt, ...
The Fallacy of Equal Pay for Equal Work by Glenn Jacobs May 1, 2009 We’ve all heard the phrase “equal pay for equal work.” Many of those who habitually repeat this mantra may not realize that it is simply a variation of the discredited labor theory of value (LTV), which is generally associated with Marxian economics. According to the LTV, the value of a product is related to the labor needed ...
The Justice of Pay Discrimination by Michael Tennant May 1, 2009 Recently the upstairs toilet in my house backed up. Unable to budge the clog, my wife called a plumber, who replaced both the seal and some of the inner workings of the toilet. Let’s say, just for the sake of this example, that the plumber charged us $200 for the repair. Now suppose the next day the downstairs toilet had needed ...
Selling Short the Short-Seller by Gregory Bresiger May 1, 2009 It happens every financial crash. Or in every prolonged bear market. Or almost any time things go bad in the financial markets. An evil person must be found. Oftentimes, the scapegoat is the short-seller. Today the short-seller is like Shylock in The Merchant of Venice. It’s ...
A Free Market in Labor by George Leef May 1, 2009 Labor Economics from a Free Market Perspective: Employing the Unemployable by Walter Block (World Scientific, 2008); 393 pages. The first time I ever heard of Walter Block was in 1980, when a faculty colleague showed me his copy of Block’s book Defending the Undefendable. Knowing of my anarcho-capitalist views, my colleague said ...
Gold and Freedom, Part 1 by Jacob G. Hornberger April 1, 2009 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 ...