Money plays a critical role in the economy, functioning as a medium of exchange and solving what economists call the … Read the rest
Articles
The Fallacy of Compromise
The systems that govern our world are built on contradictions and intentional distortions. Even the most intelligent minds can get … Read the rest
The Master of Disaster
Freedom or Intervention?
The free market is the natural state of human interaction. People exchange goods and services voluntarily because it benefits both … Read the rest
What is Capitalism?
There’s a lot of misuse of the word “capitalism.” Anything that needs a qualifier—like “bailout capitalism” or “crony capitalism”—probably isn’t … Read the rest
Too Dumb to Decide?
The Permanent Revolution
A giant threat to freedom is the permanent revolution the state is waging on the individual. This permanent revolution—as … Read the rest
The Truth about Money
Money is necessary to determine the difference between inputs and outputs. Paper money makes that more and more difficult to … Read the rest
Violent Changes in the Value of Money
The changes in value haven’t come from gold. The change is due to fiat money and the printing press. Gold … Read the rest
Covert Parasitism
There are no booms and busts in the free market. I repeat, there are no booms and busts in the