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A Los Angeles Lakers jersey worn by basketball legend Wilt Chamberlain is expected to sell for more than $4 million in a forthcoming Sotheby’s auction .  Chamberlain wore the jersey in the fifth game of the 1972 NBA championship series between the Lakers and the New York Knicks, which was won by the Lakers.  The previous record for Chamberlain

There has been a radical change in the social and political landscape in this country, and any person who desires the victory of liberty and the defeat of Leviathan must adjust his strategy accordingly. New times require a rethinking of old and possibly obsolete strategies. —Murray N. Rothbard Murray Rothbard wrote the above words in 1994, shortly

Nineteen current and emeritus members of the George Mason University economics department have taken a heroic stand against the attempt by Leftist faculty members and administrators to undermine American academia’s long-standing commitment to academic freedom and intellectual merit.  Their Statement of Commitment to Academic Freedom and to

Larry Summers affirms the Rothbardian critique of fractional-reserve banking on Twitter... SVB committed one of the most elementary errors in banking: borrowing money in the short term and investing in the long term. When interest rates went up, the assets lost their value and put the institution in a problematic situation. https://t.co/HxsgqpZOuL

The “True” Money Supply (TMS), developed by Professor Murray Rothbard and myself, is an admitted imperfect attempt to provide a statistical measure of money that is consistent with the theoretical definition of money as the general medium of exchange in society. Measure of the U.S. money stock in current use in economic and business forecasting

Ludwig von Mises’s contributions to the development of the technical methods and apparatus of monetary theory continue to be neglected today, despite the fact that Mises succeeded exactly eight decades ago, while barely out of his twenties, in a task that still admittedly defies the best efforts of the most eminent of modern monetary theorists,

Dr. Joseph Salerno recently joined Tom Sarrouf on the podcast  Conservative Conversations with ISI , a product of the Intercollegiate Studies Institute. In this episode, they discuss Murray Rothbard’s political and economic thought, why a demagogue is necessary for the masses to re-establish control over their government in the age of social

I first met Murray Rothbard when, as treasurer of the New Jersey Libertarian Party, I invited him to give the keynote address at our inaugural convention. He graciously agreed to do it for the paltry sum of $75 plus a puny chicken dinner. Prior to his talk, I introduced myself to him, and we spoke for a while about the state of the libertarian

Last week the Fed announced that, retroactive to May 2020, its M1 money stock measure would include savings deposits, which were reclassified as transaction accounts similar to other deposit components of M1 such as demand deposits and other checkable deposits (i.e., NOW accounts and ATS accounts). Previously, savings deposits were considered to

[This is Joseph Salerno’s preface to the new Chinese version of Money: Sound and Unsound  published by the Shangai People’s Publishing House.]  In the introduction to this book, first published in English in 2010, I wrote: “The idea of sound money was present from the very beginning of modern monetary theory in the works of the sixteenth-century