The gold tax is the key to socialized money. We can never have a free market in money if gold is penalized with a tax every time the dollar loses value.
Central planning creates the kind of inefficiency that brought down the Soviet Union. While Americans shopped in malls full of goods, Russians waited in long lines.
The notion that business should sacrifice its self-interest—profit—to some undefinable “collective good” is ludicrous.
Knowing results alone cannot establish whether there is fairness or justice.
Anyone in the world buys gold when they don’t like the interest rate offered on paper, and especially when they don’t like the rising risks.
The coming destruction has nothing to do with the quantity of money. It is a story of what happens when interest rates fall into a black hole.
There is a moral code that is consistent with long-term profitability of business.
The situation that forced the Swiss to abandon the peg will soon be faced by bankers of much larger countries in the coming years, the implications of which can have more profound implications for global financial markets.
Investors may continue to benefit for some time from the consistent boosting of financial markets by central banks. However, the longer a major correction or even a crash takes to develop, the more sudden, deep and devastating it may be.
“Whether one is a conservative or a radical, a protectionist or a free trader, a cosmopolitan or a nationalist, a churchman or a heathen, it is useful to know the causes and consequences of economic phenomena.”
It’s a lot easier to patronize another business than to get government to fix the problem.
Trust — society depends on it.
Falling consumer prices are good for the consumer and the economy, but they are bad for central banks looking to maintain asset bubbles and for governments looking for a graceful way to renege on their debts.
Long-term wealth can only be created by earning it: by trading value for value for win-win outcomes.
Have you ever been in an argument about whether we should raise taxes and then someone tosses out a real whopper? “The top tax rate for decades after World War II was over 90% and look how the economy boomed!” Or perhaps you read a Paul Krugman column where he said that, “there’s a big […]
While I’m all for monetary freedom and competition, I’m also for reforming the U.S. dollar, which for me means freeing it from control by discretionary central bankers.
While it is true that the new drilling techniques have revolutionized energy production in the U.S. and Canada, the increase in production has been mostly negligible on the global stage.
If even economists who’ve never heard of free banking, or who dismiss both it and the people who take it seriously, nevertheless subscribe to some free banking theories of their own, where do their theories come from?