Download Episode. Ryan McMaken of the Mises Institute joins Scott to discuss the ill effects central banking has on the country. McMaken wrote an article recently pointing out that the Federal Reserve, America’s central bank, is technically bankrupt. Scott has...
decentralization
All I ever wanted to do was find a way to pay Will Grigg
William Norman Grigg was the kindest, smartest, best educated and most eloquent American spokesman for the cause of liberty, on the radio or in print — ever. But the poor guy was always broke, trying to hold together a giant family while writing freelance articles for...
Capitol Hill Retreat: Strategy After Yemen Resolution Failure
What was widely expected to happen, did happen. Last Tuesday, under pressure from the Biden White House, Senator Bernie Sanders formally withdrew his War Powers resolution to end U.S. participation in the war on Yemen. American logistical support for the Saudi...
Remembering the Tea Party, Fifteen Years Later
December 16, 2022, is the fifteenth anniversary of the modern Tea Party. That fact will come as a surprise to many readers who take the mainstream narrative about the Tea Party at face value. The mainstream account begins on February 19, 2009, when Rick Santelli, live...
How to Sell Progressives on Lower Taxes
As Democrats and Republicans across the country fought over control of Congress in this past midterm election, progressives in Massachusetts and California continued with one of their favorite pastimes: trying to raise taxes on the rich. In Massachusetts, voters were...
Who Do We Blame?
This is from The Wall Street Journal last week: FTX suffered a “complete failure of corporate controls” that culminated in an “unprecedented debacle,” its new chief executive officer said Thursday. John J. Ray, who has helped oversee some of the biggest bankruptcies...
Ryan McMaken Sells Secessionism in ‘Indispensable’ New Book
Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities by Ryan McMaken Mises Institute, 2022, 230 pp. Those of us who think that there should be no state at all, or at most a very limited one, must view all existing states with...
Understanding the Fed’s Real Mandate
The Federal Reserve has a legal dual mandate to minimize unemployment and price inflation. The current “dual” between the two mandates is to reduce price inflation by increasing interest rates to increase unemployment and kill businesses to choke off aggregate demand....
The Solution to Inflation: End the Federal Reserve’s Monopoly on Money
Recently, an investment advisor and Bitcoin proponent tweeted the claim that “[f]or most of human history” the “[s]eparation of money and state was the norm, even if the state stamped their ruler's face on the coin.” Some strong disagreement (and some strong support)...
States Don’t Have Rights, People Do
Decentralization of power is one of the defining features of the freest societies in the world today. A unitary federal government cannot and should not be attempting to unilaterally impose its will upon millions of people whom it has little to no knowledge of or...
A Modern Rebirth of Federalism
The FBI raid on former President Donald Trump’s Mar-A-Lago resort has resulted in a backlash from Red states against an agency once beloved by the right-wing. Lacking control over either legislative house or the presidency, for Republicans there is little they are...
Decentralization Means Different Strokes for Different Folks
Most commentary on the Supreme Court's decision in Dobbs v. Jackson Women's Health Organization—which overturns Roe v. Wade—has focused on the decision's effect on the legality of abortion in various states. That's an important issue. It may be, however, that...
Support Ukraine’s Independence? Then Support Secession Everywhere
By now, it should be abundantly clear to all that the official U.S. regime narrative on Ukraine is that one is supposed to be in favor of Ukrainian political independence. That is, we’re supposed to support the idea that Ukraine is a separate state that is politically...
Inflated
Inflation. Today’s inflammatory word of the day. Apparently, I’m permitted to share critical thought in this regard since I majored in Finance and Econ in college, correct? I haven’t written anything on today’s other hot topic, Ukraine. With 13 years of military...
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