Is Fractional-Reserve Banking Inflationary?
Certain economists of the Austrian School, and followers of Murray Rothbard especially, oppose fractional reserve banking for at least three reasons. They claim that banks resorting to it defraud people, that they bring about business cycles, and that their activities...Faith, Family and Freedom? Scott Walker’s Win in Wisconsin
The proper purpose of government is not faith and it is not family. It is the protection of individual rights.
Why the Neediest Are Also the Greediest
A reader asked: Why is it that the people who are the most UNAPPRECIATIVE are also the ones who want EVERYTHING? Great question! The answer is: The neediest are the greediest. Actually, “greed” is not always bad. Greed can mean a zest for life, an ambition...End Farm Subsidies
According to the Small Business Administration, 50 percent of all new businesses fail within the first five years. There are many reasons why so many businesses fail, such as an insufficient demand for the product or service, an inability to obtain capital, or...The Fallacy of “Living Wage”
The fundamental issue is not wage rates, but productivity.
Chief of Food Police Michael Bloomberg
The food police are here. And their chief of police is New York City Mayor Michael Bloomberg. He’s seeking to ban big sugary drinks in New York City. “Obesity is a nationwide problem, and all over the United States, public health officials are wringing their hands...JP Morgan Loses $2 billion: Why the Government Should Not Intervene
When JP Morgan Chase & Co. announced a two billion dollar loss in its main investment office earlier this month, there were increased calls for the U.S. federal government to regulate trading by big banks and to ban speculative trading. Why should we reject such...An Austere Recovery: The Swift Recovery from the 1920’s U.S. Recession
How “austerity” measures lead the United States’ rapid recovery from the deep recession into which it sank in the last half of 1920.