That gold was used as money in the past is merely a historical fact. But the fact that gold was a form of private money, and thus not easily manipulated for government schemes, made it a target of countless intellectual and governmental assaults.
Robert Murphy explains what it means to act "on the margin" or to think in terms of "marginality." Economists use the term often. The Mises Circle in interwar Vienna even had songs with refrains that included the words "marginal utility." Here is your one-article guide to understanding what all the fuss is about.
If the mixed economy is such a disaster, why do we have one? Because it enables the well-connected to loot the rest of us in a social democracy disguised as "democratic capitalism."
"For generations, the unmasking of such excuses for war and war making has been the essence of historical revisionism, or simply revisionism. Revisionism and classical liberalism, today called libertarianism, have always been closely linked."
From the Great Depression to the Cold War, to the War on Terror, the regime repeatedly seeks to keep its citizens in a state of fear. And there's one "enemy" that is always there for the state to save us from: "greed" and capitalism.
The gold standard disappeared because governments destroyed it. Here's how it happened. Private-sector money is always an enemy of the state.
Franz Oppenheimer explains in detail the manner in which the state seizes control of society, one stage at a time.
Kennedy and his new brand of economists conducted a relentless campaign for easy money right from inauguration day.
With the possible exception of international trade, no topic in economics contains more myths than monetary theory.
It is absurd to say we wish to do away with religion, education, property, labor, and the arts simply because we oppose government subsidies. Rather, we merely oppose stealing from one group of citizens and handing over their wealth to others.
