Since the Hoover-FDR New Deal, members of Congress and presidents from both major political parties have failed to uphold their oaths to defend the Constitution by spending the public’s money without regard to the limits placed on their authority.
More than a century ago, Congress created the Federal Reserve System to intervene in the American economy. Not even the biggest critics of the central bank‘s formation could have predicted the economic disasters it brought about.
Remittances—financial transfers from migrants to their home countries—are often lauded as a driver of economic growth in developing nations. While remittances provide short-term relief for recipient households, their overall impact on economic growth remains questionable.
Can Donald Trump and Elon Musk actually change the direction of government growth and spending? The proverbial Overton Window does not stay open very long.
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Guido Hülsmann on What You Can Find in the New Grove...
Guido Hülsmann joins Bob to explore the newly digitized Ludwig von Mises archives at Grove City College, revealing lost correspondence, Mises’ personal battles against socialism, and more.
Amazon faces endless criticism—some fair, some absurd. Is it really an anti-worker behemoth, or is the union fight just another sign of its success? Mark Thornton breaks it down.
Although egalitarian interventionism constantly is wrecked on the shoals of reality, there is always a stable of new politicians eager to promote what Murray Rothbard called “a revolt against nature.”
President Trump has announced his intentions for the government to set up a sovereign wealth fund. However popular the idea might be, it runs headlong into the realities of economic calculation and would soon deteriorate another government slush fund.
The Southern Reconstruction, while portrayed by progressives as virtuous northerners trying to rebuild the South, was actually an attempt to use state power to direct social and economic life there.
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Jean-Baptiste Say: Neglected Champion of Laissez-Faire
J.B. Say deserves to be remembered, especially by Austrian economists, as a pivotal figure in the history of economic thought. Yet, one finds him discussed very briefly, if at all.
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The Fort Knox Gold Was Stolen From the American People
The gold in the US gold reserve is a legacy of the time the US government refused to keep its promise to redeem dollars in gold, and when it reneged on its legal obligations to repay debts in gold.
While historian Walter A. McDougall was not a libertarian, nonetheless he had some Rothbardian insights on Woodrow Wilson and his reckless intervention into World War I. David Gordon notes that while McDougall‘s views on intervention were inconsistent, they still are useful.
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Educating for Liberty: Welcome and Opening Remarks
For anyone who imagines that the US gold hoard might be used to pay off some significant portion of the national debt, this is going to be a big disappointment.
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A Practical Way to Protect the Worldwide Trading System
The world‘s trading systems are broken, thanks to fiat currencies and the reckless deficit spending by the US government. There is a way out; it is called settling accounts in gold, which would force fiscal sanity once more.
Ryan is joined by Economist and Mises Institute Fellow Kristoffer Hansen to discuss what would have happened if Argentina President Javier Milei had immediately shut down the country's central bank. The same holds for every other central bank, as well.
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The Gold In Fort Knox Does Not Back the Dollar or...
The US government‘s gold stockpile is not supporting the US dollar. The demand for US debt and currency is largely based on the state‘s taxation power. It‘s not based on gold.