Bitcoin and cryptocurrencies are headline news again. DeFi—Decentralized Finance—tokens like LINK and others have exploded in recent weeks, capturing speculators’ imaginations. But more importantly, given the day-to-day fragility of the capital markets and the...
Economics
Debunking Marx’s ‘Iron Law of Wages’
by Bradley Thomas | Aug 17, 2020 | Economics, Featured Articles
Does a competitive, free market capitalist system drive down wages for the common man? That’s the question I was confronted with in a recent exchange I had with a Marxist on Twitter. My original post stated that “Free, competitive markets don’t drive down worker...
A ‘Sound Money Caucus’ Has Launched On Capitol Hill
by Jp Cortez | Aug 15, 2020 | Economics, Featured Articles, Politics
As the political and central banking establishment in Washington continues to bail out the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, a handful of congressmen hope to shine a new spotlight on the devastating effects of...
How State Governments Can Fight the Federal Reserve
by Michael Maharrey | Aug 6, 2020 | Economics, Featured Articles
If you want to end unconstitutional, overreaching federal power—end the Fed. It’s the engine that drives the most powerful government in the history of the world. But Congress will never abolish the central bank. It can’t even come up with the will to audit the Fed....
The Fed and the Road to QTM
by Tom Luongo | Aug 4, 2020 | Economics, Featured Articles
Milton Friedman famously said, “Inflation was always and everywhere a monetary phenomenon.” But Friedman didn’t live through the QE years here in the U.S. and blatantly ignored the twenty plus years of Japanese deflation despite QE and insane levels of money printing...
A Strategy for Forcing the State Back
by Per Bylund | Jul 28, 2020 | Economics, Featured Articles, Libertarianism
As libertarians, we like to discuss two things: what could be and what is wrong with society today. Some of us are intrigued by the promises of a free society, no matter if we advocate the total abolishment of the State or wish to radically cut back on its powers. It...
The Threat of a Digitized Currency
by Ron Paul | Jul 28, 2020 | Economics, Featured Articles
If some Congress members get their way, the Federal Reserve may soon be able to track many of your purchases in real time and share that information with government agencies. This is just one of the problems with the proposed “digital dollar” or “fedcoin.” Fedcoin was...
How to Care about the Disadvantaged
by Sheldon Richman | Jul 27, 2020 | Blog, Economics, Justice
You may be in the presence of mere virtue-signalers if they: wring their hands about police brutality without ever calling for repeal of all victimless-crime laws, which create a poisonous dynamic between police and public precisely because the conduct being policed...