“Monetary control” refers to the various procedures and devices the Fed and other central banks employ in their attempts to regulate the overall availability of liquid assets, and through it the general course of spending, prices, and employment, in the economies they oversee.
I regard any need for last-resort lending as reflecting, not the inherent shortcomings of private financial markets, but the debilitating effects of misguided regulatory interference with the free development of those markets.
By clearly and publicly withdrawing their moral sanction of government’s freedom-curtailing and welfare-destroying actions, business leaders can have a big impact on all of our future.
The election of Ronald Reagan in 1980 provides the best recent precedent for the unexpected triumph of Donald Trump (in my opinion, the other post-war Republican takeovers of the White House --Ike in ’52, Nixon ’68, and W. in ’00 – did not constitute a real break from...
The election of Ronald Reagan in 1980 provides the best recent precedent for the unexpected triumph of Donald Trump (in my opinion, the other post-war Republican takeovers of the White House --Ike in ’52, Nixon ’68, and W. in ’00 – did not constitute a real break from...
Brexit and the Donald Trump presidential victory should rightly be viewed as the most significant international developments of the last decade. Both events illustrate a breaking down of globalist order and they both threaten the entrenched elite that has so...
Brexit and the Donald Trump presidential victory should rightly be viewed as the most significant international developments of the last decade. Both events illustrate a breaking down of globalist order and they both threaten the entrenched elite that has so...
When governments find it impossible to continue raising taxes or borrowing funds, they have invariably turned to printing paper money to finance their growing expenditures. The political economy of the French Revolution is a tragic example of this.
The best policy for government to follow is “laisser passer, laisser faire” — let goods pass and leave men alone to their own decisions.
Mercantilism developed in the emerging nation-states under the kings, especially, in France and Spain and in Great Britain, as a set of economic tools to assist in bringing about the centralization of political power and control.
Stunned political analysts are missing the most plausible argument explaining Donald Trump's unexpected victory. The misreading of the American electorate stems from the political class’ acceptance of mistaken (and increasingly insane) economic dogma that has arisen...
The Catholic Church had a set of fundamental beliefs and principles that set it apart from the Greek and Roman views that had preceded it, and which were to have importance in the future in terms of their economic impact.
The sad reality is that the battle for monetary freedom has for some time now taken the form of a rearguard action, aimed at resisting as much as possible ever-increasing government incursions into an ever-shrinking realm of financial choice.
Political, social, and economic life in the Middle Ages revolved around two sets of institutions.
Financial systems, like economies generally, are organic entities. They must be allowed to flourish in a natural way.
For much of the second half of the 20th Century, and even into the new millennium, “Globalization” was the dominant theme used to describe the drift of the world economy. It was widely considered both natural and inevitable that the world economy would continue to...
Government should get out of regulating business at all, including regulations on product safety, emissions, and dealing with industrial waste.
The area in which the Ancient Romans did leave a body of thought, and one that has had lasting influence and significance for future generations, especially in the West up until our own time was in the area of law and contract.
Currently economists and market watchers roughly fall into two camps: Those who believe that the Federal Reserve must begin raising interest rates now so that it will have enough rate cutting firepower to fight the next recession, and those who believe that raising...
Political-Economic Ideas of The Greeks, Part 3
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