Monetary Policy

As Elon Musk and his crew scour the federal government to see what needs to be culled from the herd, there is an obvious agency that cries out for elimination: the Federal Reserve System.

Does the US government need a gold reserve? No, it doesn't. The government's gold is basically an emergency slush fund for elites to use to preserve their political power.

The fallout of FDR‘s gold adventures was far worse than reneging on US gold bond redemption. FDR declared that the price of gold would henceforth be increased to $35 per ounce from $20.67 per ounce, which immediately devalued the US dollar.

While the Biden administration's attempts to forgive billions of dollars of student loans ran into legal problems, there is even a better, more libertarian, way to deal with this issue. A widespread default is a libertarian option that reflects Rothbard‘s own worldview.

From nuclear war risks to overpriced pennies, USAID’s latest spending spree proves once again that government waste knows no bounds.

The implementation of Central Bank Digital Currencies isn‘t just about money. It also is about personal freedom and how CBDCs give the government enormous powers over individuals.

More than a century ago, Congress created the Federal Reserve System to intervene in the American economy. Not even the biggest critics of the central bank‘s formation could have predicted the economic disasters it brought about.

The world‘s trading systems are broken, thanks to fiat currencies and the reckless deficit spending by the US government. There is a way out; it is called settling accounts in gold, which would force fiscal sanity once more.

Since the last credible audit in the 1950s, America’s gold reserves have been subject to limited, flawed, and theatrical inspections.

While MMT advocates claim special knowledge, the irony is that they don't understand money at all. Like all progressive statists, they fail to comprehend the economic damage done through their “modern” monetary manipulations.