Mises Daily

The greatest threat to American liberty today comes from within. It is the threat of a growing and spreading totalitarian ideology.

The current financial crisis is no accident. It is the predictable and logical result of fractional-reserve banking and the symbiosis between politics and banking that make this system possible. Only a return to legally sound banking principles can remedy this unfortunate situation.

Last week, I reviewed, in not altogether favorable terms, Stefan Molyneux's book Universally Preferable Behavior. The author has replied.

The Fed's plan will fail: a fall in interest rates cannot cause the economy to grow.

Power lovers hate free choice, so they hate free trade.

Although largely forgotten today, repudiation of public debt is a solid part of the American tradition.

The Austrian School's core theoretical doctrines apply to everyday, pedestrian, ordinary economic problems.

Austrians wish to extend their laissez-faire views to the creation and sale of a specific commodity: money.

The details of the Clintonian plan, however diabolic, are merely petty demons compared to the general principles, where Lucifer really lurks.

Molyneux does not succeed in his noble goal.