Can the Dollar Once Again Be Anchored by Gold? One Congressman Believes It Can
On October 7, 2022, US congressman Alex Mooney (a Republican from West Virginia) introduced a bill (the Gold Standard Restoration Act, H.R. 9157) that stipulates that the US dollar must be backed by physical gold owned by the US Treasury.
About That Nobel: Deconstructing Banking Theories of Diamond and Dybvig
Since the awarding of the Nobel Prize in economics to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig, most of the media interest has, understandably, concentrated on Bernanke. Mark Thornton wrote a scathing takedown of bailout Ben, while
The Realistic Market for Private Governance
[Excerpted from remarks delivered at the Free Private Cities "Liberty in our Lifetime" Conference in Prague on 22 October, 2022] At this conference and others like it, dealing with alternative legal and monetary structures, I’ve noticed in recent years a strong
Words as Weapons
Criticisms of hapless Senate candidate John Fetterman are labeled "ableist," while Elon Musk's takeover of Twitter is deemed fascist. Jeff and Bob take a hard look at the linguistic battlefield and the corruption of language as an institution. Jeff's paper on
Critiquing Florida’s Public Policy of “Shared Adversity”
Long before Ron DeSantis was the antilockdown governor and long before he was the potential 2024 Republican presidential candidate, DeSantis was the water quality governor. He funded 100 percent of appropriations bills that came to his desk his first year
To Many, America Still Is a Place of Opportunity (Unless Progressives Destroy That, Too)
People still come to America, but it is because of the foundation created by private enterprise, not because of progressive politics. Original Article: "To Many, America Still Is a Place of Opportunity (Unless Progressives Destroy That, Too)" This Audio Mises Wire is generously
Burning Down Rothbard
Burning Down the House: How Libertarian Philosophy Was Corrupted by Delusion and Greedby Andrew KoppelmanSt. Martin’s Press, 2022, 320 pp. Andrew Koppelman, a distinguished legal academic who teaches law and political science at Northwestern University, has a quality that few of
Without Easy Money from the Fed, Home Prices Will Keep Falling
Home price growth of the sort we've seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows. Original Article: "Without Easy Money from the Fed, Home Prices Will Keep Falling" This
The Missing Factor in Liz Truss’s Economic Recovery Plan
Despite much anticipation the economic recovery plan proposed by Britain’s new prime minister, Liz Truss, is missing one key ingredient that will ensure its failure—spending cuts. The new “temporary budget” presented by her chancellor of the exchequer, Kwasi Kwarteng, proposed
Parallel Structures Are the Only Way to Freedom
The battle for political supremacy in the West has been decided. The so-called progressives have won; conservatives and libertarians have lost. The “march through the institutions,” started by the misguided 1968 generation, has been successful, and their children and grandchildren