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August 7, 2020
gold money
Alexander W. Salter

Judy Shelton is Right About the Gold Standard

“When it comes to the gold standard, the experts have spent too much time reading their textbooks and not enough time studying actual history. Empirical questions require empirical answers, and no amount of armchair theorizing can settle how gold stacks up to fiat money. On this, Dr. Shelton is right and the commentariat wrong.” ~ Alexander W. Salter

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James Bovard

Deceit and Demagoguery in Montgomery County, Maryland

“Politicians and bureaucrats who claim a right to outlaw all risks ignore the risk of tyranny. Gayles and other MoCo politicians sneer at their critics as if they were unwashed deplorables incapable of understanding ‘science.’ But their school shutdown policy is simply Political Science 101, using deceit and demagoguery to seize more power.” ~ James Bovard

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pulling up
Vincent Geloso

Economic Freedom Is Essential for Managing Pandemics

“There is an important lesson for the future. If one desires the downward trends in the human and economic costs observed over the course of the 20th century to continue, one must push for a greater deal of institutional flexibility. That flexibility is what makes the market’s process of discovery work and makes us more resilient to future shocks.” ~ Vincent Geloso

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Robert Hughes

AIER’s Leading Indicators Index Takes A Small Step Up in July

AIER’s Leading Indicators index increased to 8 in July. The result suggests a rapid recovery is unlikely and that full recovery is likely to be more drawn out, uneven, and uncertain.

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Robert Hughes

Payrolls Grew By 1.8 Million in July But the Pace of Recovery Slowed, Raising Concerns

Nine million private U.S. jobs have been recovered over the last three months, less than half the 21 million lost during government shutdowns; the outlook remains extremely uncertain.

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obama
Donald J. Boudreaux

On “You Didn’t Build That”

“Unethical redistribution occurs to the extent that the taxes an individual pays are paid without his or her consent, for such ‘payment’ implies that the value of the benefits gotten from government by this taxpayer are less than the cost this taxpayer is forced to pay. Yet these complexities do nothing to justify the claim that provision by government of some goods and services creates among citizens indebtedness to the state.” ~ Donald J. Boudreaux

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Joakim Book

In Defense of Bitcoin Billionaires

“It’s refreshing to read an account of early Bitcoin – not the programming, the cryptography, or the scandals, but the dreamy futurists and their financiers.” ~ Joakim Book

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