• Blog
    Jonathan Weil On the Insolvency of FRB

    Remember when Murray Rothbard wrote this classic from The Case Against the Fed? For the very essence of fractional-reserve banking is that the bank is inherently insolvent… In outlining what he calls the “joke” balance sheets of European banks and the just announced Q3 loss by Italy’s largest bank Unicredit, Jonathan Weil...

  • Articles
    The Income Gap Obsession

    Originally Posted on http://whiskeyandgunpowder.com/ The word “equality” is being rammed down our throats every day, with special focus...

  • Articles
    The Wheat Board: Farewell to a Wartime Relic

    “War Is the Health of the...

  • Blog
    Chairman of AIG Defends Wall Street Bailout

    Stop me if you have heard this one before-“Wall Street needed bailed out or else the world economy would have gone over a cliff.”  That’s it, end of story.  The possibility that anything but grey skies and storm clouds waited over the horizon of actually letting capitalism work its self regulating and...

  • Blog
    Honest Graft – George Washington Plunkitt

    I thought a good follow up to James Miller’s post on  60 Minutes and Congressional Insider Trading would be this speech by George Washington Plunkitt of Tammany Hall Fame. Refreshing to see this kind honesty – we could use more of it today. Retrieved from http://www.panarchy.org/ Honest Graft and Dishonest Graft Very Plain Talks...

  • Articles
    Taylorism, Progressivism, and Rule by Experts

    The Progressive movement at the turn...

  • Blog
    The Ethics of Central Banking

    Here is a link to my presentation on the Ethics of Central Banking that I did on October 22.  This was part of the Austrian Monetary Conference held at the University of Toronto and hosted by the Ludwig von Mises Institute of Canada and the Institute of Liberal Studies.  

  • Blog
    Gold Confiscation in Tough Times

    In the land of central banking where large financial institutions buddy up with government bureaucrats for their fill of private profits and socialized losses, here is just another outcome of an unsustainable fractional reserve banking system: Since Gerald Celente’s commodity broker, Lind-Walldock, was owned by MF Global which recently went...

  • Articles
    Eugenics: Progressivism’s Ultimate Social Engineering

    According to the received account of...

  • Blog
    60 Minutes and Congressional Insider Trading

    60 Minutes came out with a great report Sunday night that highlights specific acts resembling “insider trading” by members of the U.S. Congress. Be sure to check out Nancy Pelosi’s spectacular failure at attempting to shrug off the accusations around the 9:00-10:00 mark.  The pattern of denial presented by the former Speaker...

  • Blog
    Papal Economics

    My latest op-ed piece for the Financial Post section of the National Post is in today’s newspaper. It’s  a critique of a recent paper released by the Pontifical Council for Justice and Peace calling for a world central bank. Interestingly enough, as I argue in the article, the Catholic Church group gets...

  • Articles
    The Progressive Era and the Family

    While the “Progressive Era” used to be narrowly designated as the period 1900–1914, historians now realize that the...

  • Articles
    The Federal Reserve A Populist Movement? Puhhhlease

    Gregory D. L. Morris, a member of the editorial board of the Museum of American Finance, recently...

  • Blog
    Delong Attacks Mises and Gold Standard

    Holy strawman! Check out Berkley economist/Keynesian heartthrob Brad Delong’s attempt at equivocating Mises’ criticism of fiat currency with the labor theory of value: The point of view underlying von Mises’s–and von Hayek, and Marx, and Ron Paul–complaint against fiat money in general and monetary management of the business cycle in particular is...

  • Blog
    The Peter Schiff Show – Tom Woods: Entrepreneurs & Wealth Distribution

    Tom Woods on Wealth Distribution – an excellent rundown on the key issues.

  • Articles
    Equality of Opportunity, Not of Outcome

    Quebec Senator Céline Hervieux-Payette wants to force corporations, parent Crown corporations and some financial institutions to have their...