Mises Institute

In 1971, when the last formal link between the dollar and gold was severed, more than a monetary system collapsed.

The system does not break all at once; it wears down slowly, through a steady loss of purchasing power that households are already beginning to feel.

In the late 1800s, American finally went in search of empire abroad, taking land by force and subjugating people who simply wanted their captors to leave.

The aggregate net worth of all Americans is $170 trillion. Total government liabilities (on and off the books) are $160 trillion. Rick Rule: "I just don't understand how that great big large number goes away." Neither does the Fed.

The recent DOJ indictment of the Southern Poverty Law Center might be controversial, but what is not controversial is that the SPLC engaged in conduct that was more reminiscent of the Ministry of Love in 1984 than protecting someone’s civil rights.

The regulatory state is also the entity that stifles competition, reduces economic cooperation, and impedes the production of wealth.

Luck egalitarians fallaciously declare property and wealth to be illegitimate or at least suspect due to a mysterious, unquantifiable force called luck. Their arguments fail even if what they claim about luck is true.

The Australian philosopher David Stove, while not exactly a Rothbardian, still preferred the free market. In this week’s Friday Philosophy, Dr. David Gordon introduces readers to Stove’s many interesting viewpoints.

Luck egalitarians fallaciously declare property and wealth to be illegitimate or at least suspect due to a mysterious, unquantifiable force called luck. Their arguments fail even if what they claim about luck is true.