Who should control the money supply?

Free Banking Explained by Fred E. Foldvary Free Banking is free-market banking. In pure free banking, the money supply and interest rates are handled by private enterprise, there is no restriction on peaceful and honest banking services, and there is... | Comments (2)

The Crime of Being Robbed

by Paul Jacob Here’s one way to reduce your crime statistics: jail victims who report crime. That’s the latest method of crime-stopping in Shreveport, Louisiana. Starting October 15, gas station owners and even attendees will be culpable if a thief... | Comments (1)

Hopes for the Future

by Ron Paul With the election behind us, our country turns hopeful eyes to the future. I have a few hopes of my own. I congratulate our first African-American president-elect. Martin Luther King, Jr. certainly would be proud to see... | Comments (0)

The Common Good, 1. Equality, 0.

by Micah Tillman When Detroit goes under, your world will fall apart. Everyone’s will. Every business and organization in your community is somehow connected to the automotive industry. So the Coming Big 3 Collapse won’t just be bad for autoworkers.... | Comments (2)

How the Republican Party Can Be Resurrected

Americans need to hear what works by Fred E. Foldvary The Republican Party of the USA has been defeated, discredited, trounced, and rejected. After promising a “new contract for America” and smaller, more effective governance, the Republicans, after taking control,... | Comments (3)

Designing a Cartel

by Paul Jacob Interior design: Most homeowners wing it, but a few call in the professionals. Regulation of interior design: Most states just let our nation’s Graces freely contract with willing Wills. But a significant number of states, including Oklahoma... | Comments (34)

The Moral Hazard of Regulation

by Ron Paul Since the bailout bill passed, I have been frequently disturbed to hear “experts” wrongly blaming the free market for our recent economic problems and calling for more regulation. In fact, further regulation can only make things worse.... | Comments (5)

The Pain of Results Without Conclusions

by Micah Tillman One of the most troubling things about Tuesday’s election results is that they will lead to no conclusions. They will decide no arguments. Even the pundits who promoted McCain as the centrist who could save Republicans—in this... | Comments (2)

12 Lessons for the Republican Party

by Carl Milsted, Jr. Years ago, I told my Republican friends that George Bush would destroy the Republican Party. Well, it finally happened. The GOP just received a well-deserved spanking at the polls, and we are looking at a new... | Comments (6)

To Subsidize is to Tax

Markets could work right if prices were left alone by Fred E. Foldvary A subsidy lets people buy stuff below the price that would be set in a market. In a free market, prices tend to cover the costs of... | Comments (0)

Corrupt Cooking

by Paul Jacob Can you be kicked out of the government for serving sautéed shad roe? Prime Minister Samak Sundarave of Thailand has just been ousted by a Thai court for violating the constitution. His crime? Hosting TV cooking shows... | Comments (0)

Spending the Economy into Oblivion

by Ron Paul With news this week that Congress is poised to consider a new stimulus package, I am forced to again ask a question that seems silly in Washington: How will we pay for this? While a few Members... | Comments (2)

The Forgotten Truth and Current Danger of Social Justice

by Micah Tillman Obama wants “redistributive change” in order to effect “political and economic justice.” He wants society-wide tools for the sake of justice. For the sake of social justice. And who’s surprised? A major difference between conservatives and progressives... | Comments (0)

Why the Crash of 2008 was not a Market Failure

For a cyclical phenomenon, look past the catalyst by Fred E. Foldvary All national economies today are mixed economies, a combination of markets and governmental intervention. In a pure market economy, all activity is voluntary, with no restriction on peaceful... | Comments (0)

Big Brother vs. Burger and Fries

by Paul Jacob Restaurants in some towns are now being forced to stop using trans fats. According to the latest biochemistry, trans fats are bad for you. No doubt. Many foodstuffs are bad for you, can even kill you, at... | Comments (4)

Too Big to Fail?

by Ron Paul In the midst of highly unpopular bailouts of Wall Street, many justifications have been given about why Washington feels the need to act. Some claim that capitalism and the free market are to blame, but we have... | Comments (2)

Obama's Never-Ending Mission to Change Chicago's South Side

by Micah Tillman Obama’s career in public service makes a lot of sense. It’s goal has always been singular and noble: changing Chicago’s South Side for the better. In 1988 Obama realized the fix would require Tim “The Tool Man”... | Comments (0)