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Wal-Marts of An Earlier Age

The attack on Wal-Mart essentially comes down this: opposition to economic progress, defined as greater availability of goods and services people want at ever lower prices that indicate an ever wiser...

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Give a Penny, Take a Penny

A member of the US Congress has introduced a bill to eliminate the penny from the coinage. But why do we need a law? Merchants have found a way to deal with the declining value of money with these...

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Murder and Inflation: the Kentucky Tragedy

Following the Panic of 1819, the state of Kentucky sought to provide relief from the suddenly harsh burden of debt on many of its citizens, by creating the Bank of the Commonwealth, a new kind of bank,...

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Radioactive Money

The Islamic Republic of Iran has just issued a new 50,000 rial banknote. The denomination of the note is much larger than that of the highest banknote previously in circulation — 20,000 rials; which...

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The Precedent for the Ron Paul Dollar

On Wednesday, November 14, 2007, federal agents raided the Indianapolis headquarters of a company called NORFED, the National Organization for the Repeal of the Federal Reserve Act and Internal Revenue...

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Dealing with Recession

For all the talk by the Federal Reserve about “inflation targeting,” we now see that responding to short-run problems is paramount for the Fed. Holding the line on inflation is something the Fed does...

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Climate Change and the Choice of Life

It is one thing to be concerned about the possible impact of the sum of many tiny human actions on the climate of the planet on which we find ourselves, for this is entirely consistent with choosing...

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Unions then and now

During the late 19th century and early 20th, a confluence of circumstances transformed the United States into an industrial giant. Among these circumstances were a private-property, profit-oriented...

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Should the Government Bail Out Newspapers?

What started last year as something of a joke from the “tongue & check” department at Business Week, and a supposedly outlandish column by Michelle Malkin, has now become a reality: the state of...

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Secession Is in Our Future

Of course, once it becomes clear that a majority of the states — and specifically those that are the most productive — are seceding, the remaining states of Old America will have to consider their...

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