The Trillion Dollar Trick

The birth, and the apparent death, of the trillion dollar platinum coin idea may one day be recalled as a mere footnote in the current debt crisis drama. The ultimate rejection of the idea (which was to use a loophole in commemorative coinage law to mint a platinum...

Dictatorship by Executive Order

We’re told by our rulers that guns must be outlawed, in order to eliminate violence. What they don’t tell us is how taking guns away from nonviolent people will help end the crime of violent people. Criminals, by definition, have no regard for the law. Why...

Income Inequality is Moral

I was listening to the radio on the weekend and heard a leading Canadian socialist, Stephen Lewis, lament about the big income gap between the rich and the poor as one of the worst ills in society today. Reflecting on that and on the exodus of millionaires from France...

Three Reasons to Learn a Formula

At a humor workshop I attended recently, Judy Carter taught us a formula for creating a joke around something mean that someone said to us. The steps were: 1. Remember exactly what words were used, plus the tone and body language, so you can act it out. 2. Backtrack:...

Inflation Propaganda Exposed

Economists who hold the popular view that expanding the money supply will provide the best medicine for our ailing economy dismiss the inflationary concerns of monetary hawks, like me, by pointing to the supposedly low inflation that has occurred during the current...

Visiting Nixon’s Birthplace

“I was born in a house my father built.” So said Richard Nixon (1913-1994) about his birthplace in Orange County, California. A recent visit to the home, located on the grounds of the Richard Nixon Presidential Library and Museum, and museum (which opened in 1990 with...

A Bank CEO’s Advice to Congress

With the “fiscal cliff” mess not solved but merely kicked down the road a few months, it’s a good time to summarize a few points I make in my book, The Financial Crisis and the Free Market Cure. I hope – but do not expect – that our elected representatives learn to...