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We’ve fought too long and too hard against government encroachments to accept the slightest compromises to the firm principle of the freedom of speech. Trump’s threat is not about protecting truth against lies; it’s about government control over speech so that people who criticize the regime can be forced into silence.
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The last time I was in D.C. (last month) something struck me as never before. The entire place is premised on the idea that what is awesome about life is entirely physical. Massive buildings. Huge stone and marble columns. Real estate. Monuments. Everything in this not-normal city is about gigantic, imposing, intimidating structures. It’s all about place and power over place. You can drive block after block and observe nothing but unimaginative and scary buildings with uniform windows. Honestly, it is awful, dreary, and…old fashioned.
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Earlier we posted a reply, by Dr. Bob Murphy, to an NYT blog post by Dr. Paul Krugman, wherein Murphy criticized Krugman’s interpretation of certain statistics and used work by Dr. Steven Horwitz to buttress his argument. Here Dr. Joseph Salerno takes issue with Dr. Horwitz’ conclusions, and adds his thoughts to the matter.
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The answer to ‘Why?’ is: because gold-linked stable money is superior to manipulated funny money. The answer to ‘How?’ is a bit more complicated
READ MOREWell, they do still have to honor siesta… The recent manifestations in Spain against a labor reform are just another symptom of the precarious situation in Europe. Even though Spain is not in the same situation as Greece (yet?), it does have a higher …
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Remember how every bank under my supervision failed? That’s why I need more power.
READ MOREIt is not from the malevolence of the taxman, the regulator, or the central banker that we expect to lose our dinner, but from their regard to their own interest and the inevitable produce of their institutions[1]. The most well-intentioned worker at …
READ MOREFinancial industry regulation has been a hot topic in the wake of the Panic of 2008 and ensuing recession. Many pundits blamed the crisis on a vaguely-defined concept of “deregulation.” Over the years, they argue, governmental oversight of financial in …
READ MORE“Financial regulation may be the cleanest test of regulation in general, in the sense that if regulation works anywhere, it should work in the financial sector. Here, regulatory transparency is high: Banks report vast quantities of data to regulators, …
READ MORE“For 98 years the federal government has been attempting to prevent asset bubbles, recessions, and spasms of unemployment. In 1913, Woodrow Wilson created the Federal Reserve System, telling the country that this new institution would be “a safeguard a …
READ MORE“Americans rely on financial services to help meet their needs: for retirement, education, homeownership and indeed every aspect of their lives… Will the new rules ensure that the costs of credit remain accessible for businesses and individuals to m …
READ MOREWalter Williams, a professor of economics for George Mason University, speaks on the deregulation (or lack-thereof) that led to the financial crisis. The original video can be fond on LibertyPen.com.
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