Monetary Policy

The gold standard hampers the growth of government power, which helps people more effectively fight bad policy.

We have reached this point: the government keepers of money do not even understand what money is or why inflation is harmful. To them, the real threat to the economy is “deflation.”

Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France's minister of finance.

While most of us are familiar with Gresham‘s Law, we should remember that it does not mean that bad money is preferred to good money. Instead, it refers to a situation in which government mandates that inferior and superior money legally have the same face value.

The democratic mandate of the incoming Trump administration, along with Republican control of Congress and a confrontation of wills between the Pre

Federal oversight of each recycled metal transaction would be an intrusion into the daily life of the individual and business on an unseen scale.

Just ignore the economists, says a recent

A common belief among economists is that the central bank determines what interest rates should be. But is that accurate? Indeed, there is more to the story.

Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices, private property rights, and profits and losses are unhampered.

On this day 106 years ago, the warring parties of World War I agreed to an armistice, ending more than four years of slaughter in the trenches. As Ludwig von Mises recalled, governments also slaughtered their own currencies to pay for the bloodshed.