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[A paper given at the “Birth and Death of the Fed” conference , Jekyll Island, Georgia, February 26–27, 2010. An MP3 audio file of this article, read by Floy Lilley, is available for download .] In February of 2004, I published an article entitled “Greenspam.” The general lesson was not to listen to Greenspan’s deceptive testimony. Delete it from

[An MP3 audio file of this article, read by the author, is available for download .] “In his first thirty days, he did more to bring liberty to Americans than any president since Thomas Jefferson repealed the Alien and Sedition Acts.” All presidents worry about their popularity. They try to bolster it through impassioned rhetoric, free stuff for

[ Speech given at The Economic Recovery: Washington’s Big Lie , the Supporters Summit for the Ludwig von Mises Institute, October 8, 2010.] Ben Bernanke, the man who purports to be the savior of the economy today, was actually deeply involved in creating the housing bubble, encouraging people to invest in toxic assets, and orchestrating the

[ Watch the interview with Mark Thornton on Prop. 19. An MP3 audio file of this article, narrated by the author, is available for download .]   Proposition 19 in California would have legalized marijuana, but it fell short. Victory seemed almost a foregone conclusion for many; after all, it is California. For millions, both in California and

[Edited transcript of a Mises Circle speech given on November 13, 2010, in review of Joseph Salerno’s Money: Sound and Unsound .]   Joseph Salerno, my friend and colleague at the Mises Institute , published a book this year entitled Money: Sound and Unsound . The book consists of 26 chapters, which were based on articles he wrote in publications

Introduction The most basic rule of economic policy is to allow prices to adjust to market conditions. This maintains Say’s Law and produces what Frédéric Bastiat called economic harmony. Furthermore, unhampered markets minimize distortions and disruptions introduced by external forces. Most importantly, the unhampered price system minimizes the

Most people have never really met crystal meth; sure, they talk about it on the news a lot, but how many average Americans know anyone who is a meth user? The drug goes by many names: methylamphetamine, N-methylamphetamine, desoxyephedrine, speed, and — most commonly — meth. Regardless of what it is called, methamphetamine is absolutely one of the

[An MP3 audio file of this article, narrated by the author, is available for download .]   The Federal Reserve has been busy the last three months pumping up the money supply by $300 billion dollars, with much more promised in the months ahead. Some of the results have been painfully predictable, others less so. Fed chairman Ben Bernanke said he

[Introduction to The Bastiat Collection (2011), a fantastic new edition, containing all his most important works in a pocket size at an incredibly low price. It is a treasure. An MP3 audio file of this article, narrated by the author, is available for download .]   And now I would appeal with confidence to men of all schools, who prefer truth,

You can chart the course of human progress in terms of how clean our clothing is. In early times people used animal skins, had no change of clothing, and had no soap. By Adam Smith’s day soap had improved in quality, was produced industrially, and was becoming available to the common man. In fact, the Industrial Revolution, which is usually