Gold is Money: Morgan Opens Gold Window

Earlier this month, J.P. Morgan made an important announcement that received scant coverage in the media: the bank would now accept gold as collateral for loans. The move appears to have been well-timed, for in the ensuing weeks, the price of gold and silver climbed...

Senator Rand Paul

A recent article about Senator Rand Paul in abcnews.com unintentionally reveals a lot about why the GOP has failed to make the proper case against the welfare state and in favor of constitutionally limited government. In the article, we see some admirable stances from...

?Private Airports: Way of the Future

New numbers released by the Federal Aviation Administration show reports of air-traffic errors having nearly doubled in three years. This raises the question. Who would you rather have controlling airports and airport safety: Government, or the private sector? The...

Arab Autocracies and US Inflation

Civil revolt is currently spreading across the Arab world. What began in Tunisia has now metastasized into Bahrain, Egypt and Libya. Though two dictators have been ousted, the chances that these regimes will fundamentally transform from autocracy to a system of free...