Christmas Should be More Commercial

It is time to take the Christ out of Christmas, and turn the holiday into a guiltlessly egoistic, pro-reason, this-worldly, commercial celebration.

Read More

Money and Banking Under Laissez-Faire Capitalism

This talk examines the development, operation and performance of monetary systems in the absence of government intervention.

Read More

Monopoly Money: The Destabilizing Consequences of Central Banking

How currency monopolies promote booms and busts, and having a lender of last resort leads to moral hazard and financial instability.

Read More

Is a “Right to Prescription Drugs” Good Medicine?

Al Gore promised to provide prescription drugs “coverage for all” American senior citizens if elected president. Republicans, afraid of not jumping on the bandwagon and missing out on the next elections, joined the Democrats, and committed to a plan that...

Bank of Japan Interest Rate Hike is a Canard

On August 11th, Japan’s central bank, the Bank of Japan (BOJ), announced its first interest rate hike in ten years. For seventeen months, the BOJ had lent money overnight to the banking system at a rate of zero; that is, no interest. Now, with the hike, it will...

The Forgotten Man (Part 1)

The type and formula of most schemes of philanthropy or humanitarianism is this: A and B put their heads together to decide what C shall be made to do for D. The radical vice of all these schemes, from a sociological point of view, is that C is not allowed a voice in...

Malaise in Malaysia

Anwar Ibrahim, Malaysia’s former deputy prime minister and former finance minister, was recently sentenced to nine years in jail after he was found guilty of sodomy. The verdict, which has been condemned by government leaders and human rights groups around the...

John McCain’s Deadly Moral Code

John McCain is not shy about expressing his moral vision for America. When he officially announced his candidacy, he said, “I run for president because I want the next generation of Americans to know the sense of pride and purpose of serving a cause greater than...