Fiat Currencies Are All Funny Money
By Philippe Gastonne     
If you've been dying to know whether the Chinese yuan was at fair value, you can finally rest easy. The IMF says it's almost there. This leaves another question, though. By what authority does the International Monetary Fund decide a currency's value is "fair" or not? Furthermore, even if the IMF has the authority to make this judgment, does it have the ability to do so correctly? Of course it doesn't. No one does. Like everything else, a currency's "fair value" lies at the intersection of ...
Free Trade Benefits vs. Fears of Foreign Goods
Editorial by Richard Ebeling     
Japanese Prime Minister Shinzo Abe spoke before a joint session of the U.S. Congress on April 29, 2015 and offered his "eternal ...
American Cops are Upgraded Slave Patrols
Staff News & Analysis     
Ask a traditional small-government conservative to define government's appropriate role, and most will list police as a necessary ...