EDITORIAL Showing 501 - 550 of 1927
Is War Part of a Wall Street Party?
June 21, 2014
The drums of war are beating, as Paul Craig Roberts pointed out in a recent, controversial column posted at The Daily Bell. Certainly, he has a point. In this article, I'll review his arguments in light of the continued evolution of military and political tensi ...
What Keynes Has Done To Us
June 20, 2014
The essential economic problem we confront today is that our dominant Keynesian intellectuals have abandoned reality. They do not grasp what they have wrought with the mountainous loads of debt and malinvestment that are overwhelming us. Much of this burden mus ...
Thoreau as a Lone Crazy
June 19, 2014
Murray Rothbard used the "lone crazy" theory to describe the individual who comes out of nowhere and dramatically alters the course of history; perhaps he assassinates a president. The lone crazy could also be an event, such as 9/11. Its essence is surprise, im ...
Right to Bear Arms
June 18, 2014
Arms are weapons with which to physically overpower others. There are justified and unjustified cases of overpowering others. Self-defense is clearly a case of the former. Aggressing upon another, robbing, murdering, raping, assaulting or kidnapping another wou ...
Washington Is Beating The War Drums
June 18, 2014
I wish I had only good news to bring to readers, or even one item of good news. Alas, goodness has ceased to be a feature of US policy and simply cannot be found in any words or deeds emanating from Washington or the capitals of its European vassal states. The ...
Gold, Government and Monetary Freedom
June 17, 2014
For more than two hundred years, practically all of the leading advocates of individual liberty and free markets have assumed that money and banking were different from other types of goods and markets. From Adam Smith to Milton Friedman, the presumption has be ...
Haven’t We Already Done Enough Damage in Iraq?
June 16, 2014
In 2006, I invited the late General Bill Odom to address my Thursday Congressional luncheon group. Gen. Odom, a former NSA director, called the Iraq war "the greatest strategic disaster in American history," and told the surprised audience that he could not und ...
An Ever Deeper EU to Join the Wall Street Party?
June 14, 2014
European Commissioner for Employment and Social Affairs László Andor has delivered a historic speech calling for a deeper union. It is at least in part a response to recent Euro-elections that showed the EU electorate is fed up with "Europe." In "European Com ...
The People Struggle to Find and Retain Representation
June 13, 2014
Dave Brat, a professor of economics at Virginia's Randolph-Macon College, is a marked man. Professor Brat defeated Republican House Majority Leader Eric Cantor, a prime trophy of the Israel Lobby. I doubt that Eric Cantor ever lost an opportunity to place Israe ...
Do You Really Want to Be Correct?
June 12, 2014
"Some circumstantial evidence is very strong, as when you find a trout in the milk." – Henry David Thoreau Evidence that something is wrong with a theory is rarely as obvious as a trout in the milk. This is particularly true when a belief is deeply-held or in ...
An Essay on Property Rights
June 11, 2014
To begin with, I want to make it clear that human beings have a moral nature. That is the kind of individuals they are. This is controversial because a good many people in the social sciences and in society in general have some problems with the idea that we ar ...
The Case for Liberty, Through Thick and Thin
June 10, 2014
The advocates of the "thin" version of a defense of liberty argue that the primary and essential issue concerns the principle and logic of "non-aggression." That is, the classical liberal or libertarian basically should be concerned with one, and only one, issu ...
Obama's Foreign Policy Rhetoric Does Not Match US Actions
June 09, 2014
President Obama's recent foreign policy speech, delivered at this year's West Point graduation ceremony, was a disappointment to anyone who hoped the president might be changing course. The failure of each US intervention thus far in the 21st century might have ...
Reefer Madness Redux
June 07, 2014
The Christian Science Monitor has published an attack on marijuana legalization entitled, "The real marijuana story." The cut line explains, "The common assumption that it's a harmless drug is challenged in a prominent medical journal." That medical journal is ...
The Modern Freedom Movement, 1940-2014
June 06, 2014
It began in the early 1940s. FDR had launched the New Deal's collectivization of America, and a small but prescient group of libertarian and conservative intellectuals were in rebellion – such thinkers as Richard Weaver, Ludwig von Mises, Friedrich Hayek, Joh ...
The Achilles Heel of Libertarian War Theory: Who Decides?
June 05, 2014
Can a libertarian support or engage in war? Some libertarians point to the right of self-defense to justify going to war. An individual has the right to defend himself with deadly force, if necessary, against an aggressor. If you multiply the justified individu ...
Whatever Became Of Morality?
June 05, 2014
What are we to make of this? http://edition.cnn.com/2014/06/03/justice/wisconsin-girl-stabbed/index.html Two 12 year-old white American girls who look perfectly normal stabbed their 12-year old friend 19 times in a murder attempt. By murdering their friend the ...
On Man And Perfection
June 04, 2014
A great many theories of government and social organization rest on consideration of man's perfection. From the time of Plato, philosophers and political theorists have formulated much of their thinking about political communities in line with some view about t ...
The Wisdom of Adam Smith for Our Own Times
June 03, 2014
The continuing growth in government spending, taxing and regulation of economic affairs in the United States and in many other parts of the world has raised anew the essential issue of political control and intervention in the market place. With June 5th markin ...
Mental Health Screening a Good Way to Decrease Liberty, Poor Way to Increase Security
June 02, 2014
Last week Americans were shocked and saddened by another mass killing, this one near a college campus in California. We all feel deep sympathy for the families of the victims. As usual, many people responded to this shooting by calling for new federal gun contr ...
Is the War on Drugs Over?
May 31, 2014
The US House of Representatives has voted to block federal law enforcement from pursuing users of medical marijuana in states that permit that use. This is just the latest move in the unraveling of marijuana prohibition. It may look as if a spontaneous movement ...
The Soul-Killing Effect of Owning Slaves and Some Feminism
May 29, 2014
In the early 19th century, the American anti-slavery movement called abolitionism made an intriguing argument. Without denying or diminishing the horror of being a slave, abolitionists claimed that the slave owner was also a victim because owning another person ...
Implications of the Fatal Conceit
May 28, 2014
Last week I watched President Obama give a talk about his VA problems. Those of us who have learned the lessons of history and some brilliant political economists, such as the late F. A. Hayek, were not shocked to witness that the VA has been unable to meet its ...
The Importance of the Second Amendment
May 27, 2014
For millions of Americans the Second Amendment and its guarantee of the right of the individual to bear arms appears irrelevant and practically anachronistic. It seems a throwback to those earlier days of the Wild West, when many men, far from the law and order ...
The VA Scandal is Just the Tip of the Military Abuse Iceberg
May 26, 2014
President Obama held a press conference last week to express his outrage over reports that the Veterans Administration was routinely delaying treatment to veterans, with some veterans even dying while on alleged secret waiting lists. The president said that, "i ...
Why War Is Inevitable
May 26, 2014
Memorial Day is when we commemorate our war dead. Like the Fourth of July, Memorial Day is being turned into a celebration of war. Those who lose family members and dear friends to war don't want the deaths to have been in vain. Consequently, wars become glorio ...
The Lie of Moral Mercantilism
May 24, 2014
Three news items caught my attention recently. They speak to mercantilist immorality, and I'll explain more clearly what that means toward the end of this article. First, let's look at the news items. An article entitled, "Car Exec Loses Money On Electric Cars, ...
Speaking Truth to Monetary Power
May 24, 2014
Until Ron Paul raised the issue at the national level in 2007, the Federal Reserve System had been treated with the kind of lazy indifference or acquiescence with which the public gradually comes to accept any institution of long standing. To be sure, most of t ...
If You Meet John Galt On The Road, Kill Him
May 22, 2014
John Galt is the protagonist of Ayn Rand's novel Atlas Shrugged and expresses her vision of the ideal man. The title of this article flashed at me during a discussion with a fellow who argued adamantly against idealism. He wanted it stamped out of libertarianis ...
Short Lesson in Schools of Ethics
May 21, 2014
I teach ethics, mainly business ethics, and here is a brief outline of some of the more prominent schools I discuss in class: A. Ethical hedonism is the view that everyone ought to seek to obtain as much physical pleasure in life as possible. This has appeal be ...
More on the Belgium Treasury Purchase
May 21, 2014
In response to our account of the mysterious large rise in Belgium's Treasury purchases, it was suggested that the transaction would show up on the Fed's balance sheet. However, the Fed is under no obligation to show the transaction. The $141.2 billion in Treas ...
Lessons from the Great French Inflation
May 20, 2014
Governments have an insatiable appetite for the wealth of their subjects. When governments find it impossible to continue raising taxes or borrowing funds, they have invariably turned to printing paper money to finance their growing expenditures. The resulting ...
Tax Reform is Useless Without Spending Reform
May 19, 2014
Recently, Republican leaders in Congress unveiled a "tax reform" plan that they claimed would provide the American people with a simpler, fairer and more efficient tax system. While this plan does lower some tax rates and contains some other changes that may ma ...
EU Plotted to Take Down Berlusconi – How Did We Know?
May 17, 2014
The UK Telegraph has published an article entitled, "EU officials plotted IMF attack to bring rebellious Italy to its knees." The crux of the article is that Tim Geithner, in his book Stress Test: Reflections on Financial Crises, reveals that top EU officials a ...
First They Came For The Porn Stars…
May 15, 2014
The Department of Justice (DOJ) program is called Operation Choke Point. The choke point is America's payment infrastructure through which an estimated $5 trillion in consumer purchases flow each year; more than eight million merchants use it to process credit ...
Libertarianism Isn't Utopian
May 14, 2014
Although it is prudent to be skeptical about the entries found at Wikipedia, the online encyclopedia offers a sound account of utopias: "Utopia is a term for an ideal society. It has been used to describe both intentional communities that attempted to create an ...
Lessons from the Great Austrian Inflation
May 13, 2014
This year marks one hundred years since the beginning of the First World War in the summer of 1914. The Great War, as it used to be called, brought great devastation in its wake. Millions of human lives were lost on the battlefields of Europe, vast amounts of a ...
The Great Deceiver — The Federal Reserve
May 13, 2014
Is the Fed "tapering"? Did the Fed really cut its bond purchases during the three-month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them. From November 2013 through January 2014 Belgium with a GDP of ...
What Does the US Government Want In Ukraine?
May 12, 2014
In several eastern Ukrainian towns over the past week, the military opened fire on its own citizens. Dozens may have been killed in the violence. Although the US government generally condemns a country's use of military force against its own population, especia ...
Musings on Modernity
May 09, 2014
It is believed by many on the left today that our Constitution resulted from the Founding Fathers deceitfully conspiring to form a society ruled by aristocrats, and that the seeds for modernity's corruption lie in the Founders' elitist Constitution that now pla ...
The Most Influential Man You Haven't Heard Of
May 08, 2014
One man has answered the question, "How much does it cost to buy the U.S. Senate?" The price tag and his name came to light as the only plausible explanation for an otherwise inexplicable event. Two months ago, an even more bizarre spectacle than usual took pla ...
Egalitarian Nightmares
May 07, 2014

Probably every era has its scary ideology and ours, I'm afraid, is egalitarianism. The most prominent thinkers – those hailed and being featured in major journals, by prestigious publishers, in respected forums of opinion and so forth – such as Amartya S ...

Gangster State America – Where Is America's Democracy?
May 07, 2014
Anyone who looks carefully behind the veil of words cannot find democracy in America. For years I have been writing that the US government is no longer accountable to law or to the people (see, for example, my book, How America Was Lost). The Constitution has b ...
The Inequality Trap Distracts from the Real Issue of Freedom
May 06, 2014
A new book by French economist Thomas Piketty, Capital in the Twenty-First Century, has recently caused a major stir on the opinion pages of newspapers and magazines. Piketty has resurrected from the ash heap of history Karl Marx's claim that capitalism inescap ...
Why We’re No Longer Number One
May 05, 2014
Last week World Bank economists predicted that China would soon displace the United States as the world's largest economy. The fact that this one-time economic basket case is now positioned to surpass the US is one more sign of the damage done to American prosp ...
Yellen: How High Is Up?
May 03, 2014
Janet Yellen is at it again, poormouthing the economy. In a Bloomberg article entitled "Yellen Fed Resigns Itself to Diminished Growth Expectations," we get the sad news that there isn't going to be a white-hot economy any time soon, certainly not in the US. An ...
Future of Libertarianism
May 02, 2014
Marxists were notorious for infighting over the most trivial differences. One group would secede from another, reverse the word order of the group it had seceded from, and declare itself the new and pure group. The first group, the new group would declare to th ...
Thank Heaven for Gold Manipulators – A Sequel
May 02, 2014
My missive under the same title (Daily Bell, April 18, 2014) created quite a stir. As pointed out, the title is tongue-in-cheek and should be interpreted in the light of trying to find the best method to combat the fiat currency inflicted upon the population of ...
What About Justice? Anarchy's Answer
May 01, 2014
The state is not necessary for there to be law in society. In North America, the indispensable laws – the ones that protect person and property – evolved from customary laws or from common law. Customary laws are the rules of conduct that arise naturally as ...
US Economy Is a House of Cards
May 01, 2014
The US economy is a house of cards. Every aspect of it is fraudulent, and the illusion of recovery is created with fraudulent statistics. American capitalism itself is an illusion. All financial markets are rigged. Massive liquidity poured into financial market ...
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