Money was in the news this week as Treasury Secretary Jack Lew sided with Ben Bernanke, announcing that the father of crony capitalism gets to stay on the ten dollar bill while Andrew Jackson makes way for Harriett Tubman. But why stop at Jackson? As Ryan McMaken argues, the country would be better off eliminating all politicians from our currency. Then again many in government and the halls of central banks would prefer to simply do away with cash entirely, with the European Central Bank announcing they will no longer produce €500 notes this week. Of course, more important than the banknotes themselves are the policies behind them. And while the Euro Zone moves toward helicopter money, China is busy taking steps to make the yuan redeemable in gold.
On Mises Weekends this week, Daniel McAdams joins Jeff in studio to talk foreign policy. The two veterans of Congressman Ron Paul’s office discuss the corruptive power of the DC foreign policy establishment, and why the distinction between domestic and foreign policy is a false one.
And in case you missed any of them, here are the articles featured this week on the Mises Wire:
- A Nationwide Minimum Wage Is Even Worse than State-Imposed Wages by Ryan McMaken
- Peer-Review and Science’s Funding Problem by Michel Accad
- Helicopter Money to the Rescue by Frank Hollenbeck
- Postal Savings Banks: Not Just a Bernie-Sanders Idea by Paul-Martin Foss
- The Problem of “Hoarding” by Murray N. Rothbard
- What Did Fed Chairman Yellen Tell Obama? by Ron Paul
- The Sober Political Reality for Libertarians by Jeff Deist
- A Modest Proposal to End Fed Independence by Joseph Salerno
- Is Laissez-Faire Too Radical for Brazilians? by Bruno Gonçalves Rosi
- While America Debates the $20 Bill, China Moves Closer to Gold by Tho Bishop
- Mises Against the Neoliberals by Ryan McMaken
- The Euro Zone Embraces “Helicopter Money” by Thorsten Polleit
- RIP, €500 Note by Paul-Martin Foss
- Jackson, not Hamilton, to be Replaced on US Currency by Ryan McMaken
- Slavery and Freedom by Ludwig von Mises
- Why Don’t Bernie and Progressives Live Communally Here and Now? by Jeff Deist
- Minimum Wage: A Common Rhetorical Trick by C. Jay Engel
- James Grant Points Out US is Broke, Left Goes Nuts by Tho Bishop
