EDITORIAL Showing 601 - 650 of 1927
Propaganda Rules The News
March 06, 2014
Gerald Celente calls the Western media "presstitutes," an ingenious term that I often use. Presstitutes sell themselves to Washington for access and government sources and to keep their jobs. Ever since the corrupt Clinton regime permitted the concentration of ...
Drug Prohibition is Both Wrong and Unworkable*
March 05, 2014
Introduction. Many are growing increasingly skeptical of the claims by government officials about winning the war against drugs. Should this war be supported because a smaller percentage of teenagers use marijuana, or should it be opposed because a larger perce ...
The Austrian Economists Who Refuted Marx (and Obama)
March 04, 2014
The president of the United States has publicly declared that he knows the minimum wage any worker in the United States should earn as an hourly salary: $10.10. Why not $11.11 or $9.99 has been left a mystery. But what the president is sure of is that businessm ...
Hagel's 'Defense Cuts' Are Smoke and Mirrors
March 03, 2014
Last week Defense Secretary Chuck Hagel proposed an additional 40,000 reduction in active duty US Army personnel, down to 450,000 soldiers. As US troops are being withdrawn from the recent wars in Afghanistan and Iraq, it might make sense to reduce not only the ...
Federalism: The Founders' Legacy
March 03, 2014
For the first 125 years of our history (1789-1913), America was a country comprised of libertarian politics and conservative cultural values. 1) Libertarian politics is based upon the fact that man was meant to be free. Thus, his government must be strictly lim ...
Mt. Gox Bitcoin Bankruptcy – Was the Fix In?
March 01, 2014
Up until Friday, there were reports that the Mt. Gox bitcoin exchange in Tokyo was going to survive in some form. Maybe it would be bought, or the hack, if there was one, would be tracked, or perhaps it was merely a matter of accounting and any bitcoin loss wou ...
How to Achieve the Good Life
February 27, 2014
Imagine two scenarios. 1. A friend is visiting and excuses herself to use your washroom. In there, she notices an expensive diamond necklace lying in a corner of the room. It is the necklace you've said is missing and you fear is lost. Your friend's rent is ove ...
Marching Toward Genuine Collectivism?
February 26, 2014
Whenever one is involved in a debate or argument about normative matters – ethics or politics, for instance – certain moves are made by means of using labels. One might characterize another's position as "extreme right or left wing," "fascist," "socialist," ...
For Healthcare the Best Government Plan Is No Plan
February 25, 2014
One of the most difficult lessons for people to understand and learn is that sometimes you just have to "let go." That is, you must accept the fact that not everything can be controlled and trying to do so sometimes can make a situation worse. This is never mor ...
Leave Ukraine Alone!
February 24, 2014
Last week Ukraine saw its worst violence since the break-up of the Soviet Union over 20 years ago. Protesters occupying the main square in the capitol city, Kiev, clashed with police leaving many protesters and police dead and many more wounded. It is an ongoin ...
Deification of Yellen or Directed History?
February 22, 2014
Yellen continues to garner good press. We are not surprised. This is Janet Yellen's honeymoon phase. As we have written previously, she ought to enjoy it while she can. The US media is making it easy for Ms. Yellen to appreciate her press. Almost three weeks si ...
Is Ukraine Drifting Toward Civil War And Great Power Confrontation?
February 21, 2014
People ask for solutions, but no solutions are possible in a disinformed world. Populations almost everywhere are dissatisfied, but few have any comprehension of the real situation. Before there can be solutions, people must know the truth about the problems. F ...
Why Don't You Steal? The Wealthy Drunk Question
February 20, 2014
As a starting point, I assume readers do not engage in the initiation of force, including theft. You may refrain from doing so because of a moral code or from a respect for rights. But, at least for me, the admonition not to steal isn't written in stone. I hold ...
Fallacies of the Clunker Program
February 19, 2014
I wish to revisit Mr. Obama's clunker program. There are lessons in there that are worth revisiting. Most have no time to consider the big picture so when the clunker program came their way, they thought only of the immediate consequences. It all reminded me of ...
ObamaCare: Will America's Health Care Future Follow Germany's Past?
February 18, 2014
As the American people contemplate the future of their health care system with the implementation of ObamaCare, it is, perhaps, useful to look backward and briefly recall the origin and early history of government-managed national health care in the country whe ...
At the Fed, The More Things Change, the More They Stay the Same
February 17, 2014
Last week, Federal Reserve Chairman Janet Yellen testified before Congress for the first time since replacing Ben Bernanke at the beginning of the month. Her testimony confirmed what many of us suspected, that interventionist Keynesian policies at the Federal R ...
Marijuana: How We Will Seize Our Opportunity – and Yours
February 15, 2014
Exciting times. Marijuana decriminalization and legalization is moving quickly. Most recently, as was reported yesterday, the US Justice Department announced that banks and other financial entities could participate in the burgeoning marijuana industry without ...
Washington Orchestrated Protests Are Destabilizing Ukraine
February 14, 2014
The protests in the western Ukraine are organized by the CIA, the US State Department and by Washington- and EU-financed Non-Governmental Organizations (NGOs) that work in conjunction with the CIA and State Department. The purpose of the protests is to overturn ...
The Virtue of Self-Interest
February 13, 2014
They may be the two most famous lines in economic history and they carry much the same message. In An Inquiry into the Nature and Causes of the Wealth of Nations, Adam Smith (1723-1790) wrote, "It is not from the benevolence of the butcher, the brewer, or the b ...
Minimum Wage Laws
February 12, 2014
Many objections can be raised against minimum wage laws but the most important of them is that such laws amount to restraint of trade. If I want to work for a wage someone is willing to pay me, that should be the end of it unless this work amounts to the violat ...
J.M. Keynes: The Damage Still Done By a Defunct Economist
February 11, 2014
Seventy-eight years ago, on February 4, 1936, the British economist John Maynard Keynes (1883–1946) published what soon became his most famous work, The General Theory of Employment, Interest, and Money. Few books have, in so short a time, gained such wide in ...
Will No One Challenge Obama's Executive Orders?
February 10, 2014
President Obama's state of the union pledge to "act with or without Congress" marks a milestone in presidential usurpation of congressional authority. Most modern presidents have used executive orders to change and even create laws without congressional approva ...
Same Old, Same Old … And Something New From Us
February 08, 2014
Over and over, the common wisdom is offered as if it were new or valuable. A recently published Reuters editorial is a good example. Entitled, "A crash course in growth economics," it recites all the Keynesian dominant social themes we're used to hearing and re ...
Market Manipulations Become More Extreme, More Desperate
February 08, 2014
In two recent articles we explained the hows and whys of gold price manipulation. The manipulations are becoming more and more blatant. On February 6 the prices of gold and stock market futures were simultaneously manipulated. On several recent occasions gold h ...
The Immorality of Public Education
February 06, 2014
The libertarian publisher R.C. Hoiles insisted that the editorial page of his flagship California newspaper The Orange County Register was "a daily school room made available to its subscribers." In that schoolroom Hoiles taught what he called "voluntaryism." A ...
Reflections on Education
February 05, 2014
Public education is nearly a fixture not only in this country but nearly everywhere in the Western world. It is pretty much agreed by most concerned parties that children need to be placed into school, starting around age 6, and kept there to be provided with s ...
What Is Supply-Side Economics?
February 05, 2014
Supply-side economics is an innovation in macroeconomic theory and policy. It rose to prominence in congressional policy discussions in the late 1970s in response to worsening Phillips curve trade-offs between inflation and unemployment. The postwar Keynesian d ...
Presidential Hubris in the State of the Union Address
February 04, 2014
President Obama's State of the Union address on the night of January 28, 2014 was all about "micro-management." It was micro-management at one level since he realizes that a divided Congress will not pass any "grand" legislation that he might try to submit. Thu ...
The Continuing Al-Qaeda Threat
February 03, 2014
Appearing last week before the Senate Intelligence Committee, Director of National Intelligence James Clapper testified that he could not say the threat from al-Qaeda is any less today than it was ten years ago. It was a shocking admission. Does he mean that th ...
Be Leery of Investing in Failing Green Solutions
February 01, 2014
Is the Green marketplace foundering? It would not be surprising. This happened in the 1970s when the first wave of solar panels and wind turbines were securitized and the "alternative energy" industry was in large part created. Recalling the 1970s, we've been c ...
Doubts About Jury Nullification
January 30, 2014
Jury nullification means a juror can nullify a law if he believes the law or its application is unjust. He can do so by refusing to convict a defendant despite instructions to do so from a judge. In short, the juror sits in judgment on the defendant and the law ...
The Right to Private Property
January 29, 2014
America's most prominent modern liberal legal theorist was Professor Ronald Dworkin, professor of Jurisprudence at University College London and the New York University School of Law until his death in 2013. His books, Taking Rights Seriously, Law's Empire and ...
How Economists and Policymakers Murdered Our Economy
January 29, 2014
The economy has been debilitated by the offshoring of middle class jobs for the benefit of corporate profits and by the Federal Reserve's policy of Quantitative Easing in order to support a few oversized banks that the government protects from market discipline ...
The State of the Union Address Obama Should Deliver
January 28, 2014
On the evening of January 28th, President Obama will deliver his State of the Union Address. No doubt he will present an agenda of increased political paternalism, with a focus on policies to "remedy" supposed economic inequality through government spending and ...
We Win the New York Times Prize
January 27, 2014
The New York Times, whistling past the financial graveyard, paused over the weekend to smear the Mises Institute, Ron Paul, our other scholars, hardcore libertarianism, and me. Why? Because our ideas and our youth movement are gaining real traction. It is in ef ...
Every Week Should Be School Choice Week
January 27, 2014
National School Choice week takes place from January 26 to February 1, and during this week education freedom activists around the country will be participating in events highlighting the need for parental control of education. I wholeheartedly endorse National ...
Cameron Will Regret His Latest Pro-EU Speech … And a Note on Stocks
January 25, 2014
Britain's political and industrial elites have bound Britain to the EU – though not the euro, thank goodness – via exaggeration, denial and outright untruths. Cameron is continuing this horrible tradition – as we can see from his latest speech at Davos (s ...
The Competitive Provision of Security
January 23, 2014
The discussion of how the free market would provide security from aggression by criminals or an invading group has deep and venerable roots. The Belgian-born classical liberal, Gustave de Molinari (1819-1912), respected the free market so deeply that colleagues ...
You've Come a Long Way, Baby!
January 22, 2014
In 1973 I edited The Libertarian Alternative*, published by the obscure but up and coming firm Nelson Hall. The book contained a wide selection of essays from the likes of Murray Rothbard, Nathaniel Branden, John Hospers, et al. Back then I didn't keep track of ...
LBJ's Great Society as Hubris of the Social Engineer
January 21, 2014
Fifty years separate us, now, from 1964 and the beginning of two of the most momentous events of Lyndon Johnson's presidency: The declaring of war on America's supposed domestic ills in the form of the "Great Society" programs, and the aggressive military inter ...
American Fascism
January 20, 2014
We know about the transformation of the American police, with their paramilitary equipment, their SWAT team raids, and incentive to terrorize people over drug offenses rather than pursue crimes against person and property. We know about the National Security Ag ...
Warfare, Welfare and Wonder Woman — How Congress Spends Your Money
January 20, 2014
Supporters of warfare, welfare and Wonder Woman cheered last week as Congress passed a one trillion dollar "omnibus" appropriation bill. This legislation funds the operations of government for the remainder of the fiscal year. Wonder Woman fans can cheer that b ...
Good Timing! Financial Times Affirms the Canadian Real-Estate Bust
January 18, 2014
Looks like we interviewed Seth Daniels at just the right time. Since his comments on Austrian economics and the coming Canadian real estate bust, several other articles have come out making similar and even more emphatic points. Below, I'll present some of them ...
The Hows and Whys of Gold Price Manipulation
January 18, 2014
The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them "too big to fail." Remove ...
Bow to the Powerful Meme, You Predatory Men!
January 16, 2014
I have spent the week sumo wrestling with a meme; that is, with a cultural assumption that grows almost by osmosis. The meme: Men are the perpetrators of domestic violence; women are the victims. The truth: Men and women commit DV at about the same rate. The re ...
Policy Sans Ethics
January 15, 2014
Yet another ancient political debate concerns whether public policy needs to be based on certain norms, or ethical principles.?Classical and a few modern political philosophers – e.g., Socrates, Plato, Aristotle, Aquinas, Spinoza, John Locke, et al. – argue ...
China's Great Inflation Helped Bring the Communists to Power
January 14, 2014
Inflations have undermined the cultural and economic fabric of society, bringing about social chaos and revolution. Inflation is the enemy of social order and economic stability. Inflation can destroy accumulated wealth, ruin the entire well being of broad sect ...
Congress Defers to President On NSA Reform
January 13, 2014
Congress's decline from the Founders' vision as "first among equals" in government to an echo chamber of the unitary executive has been a slow but steady process. In the process we have seen a steady stream of unconstitutional wars and civil liberties abuses at ...
No Jobs For Americans
January 13, 2014
The alleged recovery took a direct hit from Friday's payroll jobs report. The Bureau of Labor Statistics reported that the economy created 74,000 net new jobs in December. Wholesale and retail trade accounted for 70,700 of these jobs or 95.5%. It is likely that ...
What CNN, the Ultimate Disposable Network, Shows Us About Promotions
January 11, 2014
Variety commented just yesterday on "CNN Eyes Primetime Shake-Up." The article points out that change is necessary, though it would occur gradually. But it will occur. In fact, an end-of-year memo from CNN president Jeff Zucker reemphasized what CNN would becom ...
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