They Never Learn: National Review Demands Marijuana Criminalization

They Never Learn: National Review Demands Marijuana Criminalization

Aron Ravin, a self-described “nudnik,” who writes for National Review thinks so and I suspect others do as well. This thinking, however, is that of an ever-shrinking minority and it is hard to imagine the pro-legalization trend being reversed. Nevertheless, let’s look at the arguments and why he claims libertarians are so wrong on this issue. Before we press on, it is important to remember that cannabis legalization is basically citizens of individual states standing up to federal authority and flipping it the bird. Ravin claims, “I do not, and do not plan to, partake in the devil’s...

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Rothbard’s Rules for Crisis

Rothbard’s Rules for Crisis

When an economic crisis hits, everybody from the Fed chairman to the man on the street knows that the Fed must print more money and reduce interest rates and that the government must spend more money and go deeper into debt. This is seen as necessary to “fill the gap” left by the private sector. This approach is entirely wrong. In fact, it is highly counterproductive. Murray Rothbard’s number one rule in an economic crisis is for the government not to interfere with the market’s adjustment process, or, in Wall Street terms, “the correction.” The more government intervenes in the economic...

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This Bust Wasn’t Caused by a Virus

This Bust Wasn’t Caused by a Virus

On February 10 the stock markets were at all-time highs, with the Dow 30 at almost 30,000. The unemployment rate was at an all-time low and interest rates around most of the world were at all-time lows. With interest rates near zero for an entire decade, the value of stocks, bonds, real estate, land, and virtually any asset was artificially inflated. As a result, total household net worth doubled, increasing from $60 trillion to $120 trillion! People were saying that things were too good to be true. Everything from giggling about personal finances at the gym to people embarking on unlikely...

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The Fed Can’t Save Us

Beltway libertarian economists are today hailing the Fed’s efforts to cure the economic crisis or are even suggesting they intervene to a greater extent to quell fears in markets. That is like saying we need to spread the coronavirus to more people to stop the pandemic. The Fed created the economic crisis with its more than a decade–long campaign of ultralow interest rates and quantitative easing policy that injected massive liquidity into financial markets. This unprecedented monetary policy caused companies to become more leveraged and to embark upon capital spending programs on a...

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The Next Curse

The Next Curse

Zero Hedge reports “China’s Skyscraper Boom Comes Crashing Down Amid Developer Default,” noting reports that construction work was recently halted on the nation’s potentially tallest skyscraper, after the developer defaulted on a payment to the construction company. They then invoked the Skyscraper Index which they describe: “The index is simple; the world’s tallest buildings are often constructed or completed at economic turning points, right before or just as the downturn gets underway.” The Skyscraper Curse is the economic crises that ensues with every new world record. As I describe in...

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Scott Sumner Wants to “Modernize the Fed” — This is What He Gets Wrong

Scott Sumner Wants to “Modernize the Fed” — This is What He Gets Wrong

Scott Sumner recently penned  an article suggesting that the Federal Reserve needs to modernize its approach to monetary policy, a sentiment shared by many economists and policymakers. The Fed certainly has made a series of changes and adjustments to increase its transparency and its credibility after President Nixon took the world off of the Bretton Woods era gold standard in 1971. However, in Sumner’s case, he is asking for a modernization of the monetary policy schedule. The Fed’s monetary policymaking body—the Federal Open Market Committee—meets approximately every 6 weeks, takes a vote...

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The Drug War Is Pushing More Migrants to Our Borders

Over the last couple of weeks we have been bombarded by news coverage of the US government handling of foreigners illegally crossing the southern border and having their children separated from parents by our government. At first I tried to avoid subjecting myself to this circus, but I have been paying close attention for about a week. I describe it as a circus because of the hysteria involved. Everyone from the Know- Nothing wing of the Trump party to the ultra-PC progressives, and the libertarians, and even the First Lady Melania Trump have jumped on the emotional roller coaster. The story...

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End the Drug War for These Very Practical Reasons

End the Drug War for These Very Practical Reasons

Timothy Hsiao recently made the rather startling case that libertarians should support the War on Drugs by claiming that recreational drug use undermines a critical precondition for freedom, namely, the ability to think clearly and to choose wisely. Hsiao notes that: Accordingly, since the government has a responsibility to protect personal freedom, it must also protect and promote a culture that is conducive to clear thinking and discourages impaired thinking. The government, therefore, has a responsibility to restrict activities that impair, destroy, or otherwise undermine clear thinking....

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News

This Week At The Libertarian Institute

The Empire never sleeps – but neither do we. Missed a story? We got you covered. This week in review at the Libertarian Institute: News   June 24, 2022 – Senate Dems Press Biden to Investigate Killing of Palestinian-American Journalist Ahead of Israel Trip Senate...

News Roundup 6/24/2022

US News The State Department will pay employees who alleged they suffer from ‘Havana Syndrne’ six-figure payouts. State is making the payments in accordance with the HAVANA Act. [Link] Haiti At least eight prisoners died from starvation in a prison in Haiti. [Link]...

State Department ‘Illegally Obstructing’ Afghanistan Probes, Watchdog Says

The US government’s top oversight official for Afghanistan has accused the State Department and the US Agency for International Development (USAID) of stonewalling ongoing investigations, saying they have refused interviews with staff and even failed to provide “basic information” to assist the probes.

Blog

Week of Action on Yemen

Scott Horton and the Libertarian Party, among others, are whipping up support for a week of action to end US involvement in the Yemen War. And you can help. H.J. Res. 87 was introduced on May 31. The bill would "direct the removal of United States Armed Forces from...

Actually, Socialism IS When The Government Does Stuff

https://youtu.be/_-6CyEYetxM How is something to be owned by “the community as a whole?” Ownership means that you get to decide what is done with something. If you and I disagree on who gets to eat your apple, then whatever you decide will take precedence, because it...

The Scott Horton Show

Conflicts of Interest

Don't Tread on Anyone

6 Progressive Myths About History (w/ Lawrence W. Reed)

https://youtu.be/HsXj83JNUb4 In May 1939, Treasury Secretary Henry J. Morgenthau Jr., one of Franklin Roosevelt's best friends, testified before the House Ways and Means Committee: "I say after eight years of this Administration we have just as much unemployment as...

Liberty Weekly Podcast

Proxy Wars…The Punishment Due Ep. 221

https://youtu.be/51gBx3rE7zw In this week's episode, I take the audience on an even deeper dive into my most recent piece for the Libertarian Institute. Episode 221 of the Liberty Weekly Podcast is Brought to you by: LibertyWeekly.club Join my membership and...

National Review Senior Editor Turns Rothbardian Ep. 220

https://youtu.be/sJXF9jgj1L4 Managing Editor of the Libertarian Institute and longtime friend and guest of the show Keith Knight joins me in this week's episode to review an article by Joseph Sobran. Sobran was the Senior Editor of the National Review, but questioned...

Patrick MacFarlane on the Hrvoje Moric Show Ep. 219

https://youtu.be/yI1ND-TJR8g This week's episode is a mirror of my recent appearance on the Hrvoje Moric Show on Tnt Radio. We discuss the war in Ukraine, China, and the brave new world we are sleepwalking into. Hrvoje is the host of Geopolitics and Empire Podcast....

Empire of Death: America’s Moral Bankruptcy Ep. 218

https://youtu.be/7yZEk73JdVo In this episode, I take a deeper dive on my latest editorial up at the Libertarian Institute, share my experience at Chillderburg, introduce my new newsletter website, and thank several outlets that have started reprinting my Libertarian...

Year Zero

A Deep Dive w/Monica Perez

Monica Perez joined me for an in depth conversation on culture, religion, ESG, WEF, the future, and how the 21st Century is different than the 20th Century. Monica Twitter Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate...

Love and Fear w/Courtenay Turner

Courtenay and I talk ESG, intentional communities, motivations, elites, and the future. Courtenay Twitter Courtenay Turner Podcast Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

Shadowy Figures Surrounding 9/11 w/Adam Fitzgerald

Adam Fitzgerald joined me to discuss the less talked about aspects of 9/11. We spent most of our time discussing the characters involved and around the event. We could have gone for hours on this subject, but as you will hear, I hit a wall at the 2 hour mark. Adam...

A Conversation with Patrick MacFarlane

Patrick joined me again. In this episode we discuss Ukraine Russia, China, culture, democrats, republicans, and traditional family. Liberty Weekly Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

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