Sound Money: Fight for It!
ironic that gold and the gold standard have been dubbed the barbarous relic when
it's the paper systems that are forced on us that are reducing the world to
Austrians Remove the Burden of
Bad ideas are sometimes the
hardest to de-throne. It’s probably accurate to say most people think of money
as the paper currency printed by governments. And it is money in the
sense that it functions as a medium of exchange, but is it sound, is it
vulnerable to inflation? Its very existence is evidence that it is, so why are
so many people reluctant to switch to a money that isn’t?
Who said it, when and
Over the years I've accumulated a
long list of quotes about money and banking extracted from online articles and
books I've read. Unlike most other sites that post pithy remarks from famous
authors, I include hyperlinks to their sources, so that anyone who wishes can
not only verify a quote but, perhaps more importantly, read the context in which
it was used.
From "golden fetters" to
financial policy of the welfare state requires that there be no way for the
owners of wealth to protect themselves." -
Alan Greenspan, 1966
If investors attempt an alternative such as purchasing physical precious metals,
the government will either restrict those activities or abolish them. One way
or another it will see that it has the "captives" needed to pay its bills.
That Other Invisible Hand
As Adam Smith explains, the free market
brings its wonders to the world by virtue of an invisible hand.
Individuals cooperating under the international division of labor and seeking
generally to satisfy their own wants end up promoting the general welfare, often
without intending to or without realizing it.
The Triumph of the Bankers
In spite of its success in bestowing wealth on
some men while
funding an unnecessary war,  the National Banking System proved
unsatisfactory to financial leaders. (See “Who
Paid for the Civil War?”) Even with laws discouraging or restricting
redemption, crises still occurred, and banks had to contract and deflate to
Central Banking Quicksand
The German hyperinflation was one of many runaway
inflations of the last century. Hungary, China, Bolivia, Argentina, Peru,
Brazil, Russia, Austria, Poland, Greece, and the Ukraine, among others, all
experienced hyperinflations in varying degrees. But the worst case of monetary
destruction happened in Yugoslavia from 1993-1994.
Who Paid for the Civil War?
broke out in 1861, the federal government was without its own money machine,
though that would soon change. As expenses from the war mounted, the U.S.
government once again issued Treasury Notes to help finance it. The Act of July
17, 1861 authorized Secretary of the Treasury Salmon P. Chase to issue notes at
7.30%, a rate chosen to make interest calculation so easy they...
Inflation, Government's WMD
Inflation’s standard definition is too narrow to provide an appreciation of the
extent of its harm; it is far more than a deterioration of the currency’s
purchasing power. It’s also much more than a “hidden tax.” Government’s
perennial fiat inflation is a subtle WMD.
Wildcat Inflation Fighter
Though banking and government have had a corrupt
relationship throughout history, the Suffolk Bank and Independent Treasury
System, both of which were prominent during the “wildcat banking” era of the 19th
Century, represent significant efforts at reform.
By most accounts, selling a central bank to an
educated populace should be a daunting public relations task, if not an
impossible one. Think of trying to convince the Pope to swear allegiance to the
devil or getting a politician to resign and get a productive job. Yet selling
lies, even Big Lies, is an area where power lovers have excelled throughout
history with unsurpassed brilliance.
Inflation Inferno I
Governments and bankers hate gold
because its supply cannot be inflated on command. They work hard to establish
and retain a monetary system under their control that can respond quickly to
their demands for inflation — or what today is called "accommodation."
Is the Fed dollar "safe and
If we want a safe and stable
monetary system we need to eliminate the elements that make our current system
grossly unfair and unstable. The Fed must be abolished, and the government must
be excluded from monetary matters altogether. We need free market money -
probably gold and/or silver - run by free market institutions. Government's
one role would be to protect private property and uphold contracts, which would
make it difficult, if not impossible, for banks to engage in the
fraud of fractional
reserve banking. Only then could we look to the future with
How an Economy Grows
Since World War II, most economists have been
apologists for government growth.
Now the "experts" who never
see a crisis coming tell us that we must once again
principles to save the free-market system. Full
Did the Cream Rise to the Top -
or Something Else?
Economics has been called the
“dismal science” for over 150 years. This is unfair. Outside of the Austrian
school, economics, in parroting the methodology of the hard sciences, has
forfeited its claim to being “scientific.” Since World War II especially,
economists have been mostly apologists for government growth and
more of the same.
Bad Monetary Policy Is Redundant
Why is it that if a private individual or firm
prints money they're engaged in the high
crime of counterfeiting, which is another name for inflation, whereas when
the Fed prints money it's called "monetary policy" and is considered our best
tool for avoiding inflation?
The only good monetary policy is no monetary
Would you buy a gold bar from a vending
machine? If the ATM were located in a secure area, and the bars carried an
acceptable premium over the current spot price and could be purchased in units
as small as one gram or as large as an ounce, would you consider swapping your
unbacked paper money for an authenticated 24-karat gold bar?
By the Way, Free Markets Are Free
Having failed to learn what causes depressions and how
to treat them when they arrive, our nation's leaders are steering us straight
into a monetary
catastrophe. Predictably, the major media voices are clinging to the
assurances of Keynesians, who see new wads of debt and paper money and conclude
the good times are ready to roll again; don't pay any heed to the millions
still looking for work. Full
The Never-Ending Saga of Economic Crises
From that point on, government, through
its proxy the federal reserve, could create paper claims to economic goods
without concern about redeeming it for a unique kind of economic good: gold. By
government fiat, real money was no longer money. By government fiat, paper money
and bank deposits redeemable in paper money were now real money. The federal
reserve could create money at will without worrying about an equivalent amount
of metal on deposit. Member banks could continue making loans on small fractions
of their deposits without worrying about suspicious depositors suddenly rushing
madly to the banks for gold coin redemption.
Pens for Hire, Cheap
No one traveling in hostile
country should ever be without reliable protection. When the territory in
question is intellectual, it always helps to have the aid of fighters who've
been there before. In fact, two of the most seasoned pros are yours for only the
cost of the effort required to understand their arguments. Fortunately, these
straight-shooting writers have made that cost minimal.
I'm speaking of Thomas Paine (1737–1809) and
Frederic Bastiat (1801–1850).
The Long Shadow of Frédéric Bastiat
Frédéric Bastiat's legacy has two key
components: his artful polemics for free markets and his uncompromising
conviction that men's interests are "naturally harmonious" to the extent that
their property rights are respected. He was an artist with an unfailing loyalty
to logic, and a revolutionary who fought the interventionist schemes of both the
Right and Left despite suffering from a debilitating terminal illness. Full Article
The Virtue of Hoarding
the Fed, hoarding was not the way to get rich, but because gold retained its
value "through time and space," holding it was a way of avoiding penury and
saving for old age. The present fiat money system pressures people to drop a
portion of their income into the great slot machine of the investment world,
most often by means of financial intermediaries.
People's portfolios fatten during the boom
years, but working below the radar is the central bank's monetary policy,
silently siphoning off the value of their money while orchestrating a disaster.
Whether the boom ends in depression or a spurt of aggressive inflation, Fed
policy will ruin investors who don't time their bets properly.
One way to hoard money today is in precious
metals, particularly gold and silver. Thanks to Congressman Ron Paul's work, it
has been legal for Americans to own and trade gold coins since January 1, 1975.
Buying gold and silver coins and holding them is not only a way of protecting
oneself against inflation, but it is also, in a sense, a way of
boycotting the federal
reserve. That in itself would be reason enough to own them. Full Article
How Much Money Do We Need?
American dollar is no longer tethered to gold. Whereas money was once difficult
to create, thus keeping its supply limited and protecting its value, the Fed can
create fiat paper money in any amounts at the push of a button. Because of the
benefits that accrue to the early users of the new money, there is pressure
throughout the political system to keep the money machine printing.
Ben Bernanke is committed to monetary
inflation. He claims it is healthy in boom times and will pull us out of any
recession. He blames the Fed for not inflating enough once the Great Depression
began. He’s determined not to make the same mistake today.
Fiat paper money regimes are not designed to
promote a healthy economy. They are designed as a means of wealth distribution
for the benefit of a few.
That probably doesn’t include you, and it
definitely doesn’t include me
One Man in a Million
In 1919 a
book was written that contained a brief passage about how to bring any
modern society to its knees without firing a shot.
There is no subtler, no surer means of
overturning the existing basis of society than to debauch the currency. The
process engages all the hidden forces of economic law on the side of
destruction, and does it in a manner which not one man in a million is able to
Ninety years after publication of that passage,
another book has arrived calling for the abolition of the world’s most respected
currency debaucher, the U.S. Federal Reserve. It’s author, Ron Paul, has spent
the better part of his career trying to wipe the Fed and its toxic effects off
the face of the earth. His new book,
End the Fed, is, as the title indicates, a death threat to the
central bank. Given Paul’s popularity among libertarian activists and his
congressional support for blowing the lid off Fed secrecy, the book cannot be
dismissed as fanciful.
Meltdown's Monetary Heresy
dollar continues its descent, the prospects for sound money are alive, but much
more so are the prospects for a new fiat currency. The top decision makers in
the federal government regard the money machine as their right arm.
Auditing the Fed will Audit the State
The Fed is a
racket at heart, a con game writ large — what else can you call an organization
with the exclusive privilege of printing money in the trillions and handing it
over to friends? But if this is true, what does that say about the state, the
organization that created and sanctions it? Is the Fed an honest mistake in the
state's otherwise undying efforts to preserve our liberty, or might it be a key
component of a bigger racket?
Murphy Sets the Record Straight
Will Barack Obama's New Deal finally sink the
American economy into the sands? This is the question author Robert P. Murphy
poses at the end of his latest myth buster,
The Politically Incorrect Guide to the Great Depression and the New Deal.
Readers who follow Murphy's narrative from page one will understand that unless
the current administration suddenly turns pro free market and gets out of the
way, our future looks grim at best.
The Ship That Couldn't Sink
The Titanic tragedy is
about the unexpected sinking of an unsinkable ship. In that respect, it is much
like the American economy that many believed would stay fat and happy forever.
In today’s crisis, our “ship” is
not being allowed to right itself; in fact, Team Obama is accelerating its
sinking. As Guido Hülsmann observes,
“The crisis did not hit us despite the presence of our monetary and
financial authorities. It hit us because of them.” And the nightmare
continues. They’re still on the job.
Whatever you do, make sure it
doesn’t amount to re-arranging deck chairs. Don’t be one of the steerage
passengers who can’t find the lifeboat
The Case for Natural Money
Jörg Guido Hülsmann's latest book,
The Ethics of Money Production, is a vastly enriching experience. After
building his case for natural money on the inviolability of an individual's
right to his own property, he then shows us how the state has spent the last 400
years usurping this right for the benefit of a privileged few through its
protection of fractional-reserve banking.
The production of natural money is ethical
because it involves no violations of property rights and is the corollary of a
completely free society in which private property is inviolable. The economy of
such a society, Hülsmann tells us, may then be called a "free market," which
would likely harbor a variety of natural monies. With this understanding, the
claim that the culprit of the current crisis is the free market puts its
proponents in the awkward position of having to show causality from something
that doesn't exist. Full Article
A Juggernaut of Destruction
With the world’s economies run by monopoly
printing presses, there is a serious disconnect with reality. Someone very
important needs $30 billion to stay afloat? Will it to happen, and it is done.
A bunch of very important entities need 20 times that figure, or even more? All
it takes is more will. No one has to dig it out of the ground.
once had real value whose supply could not be changed on command, can be created
in any amount by state appointees. This is inflation. It has ruined other
countries. It is a
juggernaut of destruction. It is what the administration is counting on to
save us. Full
Hamilton's Counterfeit Capitalism
confirms that hands-off is the only effective and humane approach to a bust, and
to prosperity generally, while hands-on brings ruination, why do governments
today consider every option but free markets? Look back to the founding and the
baneful influence of Alexander Hamilton. His influence has been highly
detrimental to the majority who live outside the rarefied reality of national
In my proposed game, a player
could have the option of paying rent to the bank in return for future
undisclosed favors. If a player subsequently finds himself threatened with
bankruptcy by landing on a property with hotels, he could draw a card to see if
his past rent payments have earned him the status of “too big to fail.” Also,
if a player wanted to put 7,000,000 hotels on a piece of property in a fit of
exuberance, the bank should have the option of providing cheap credit to
cover the investment. And if another player should be so unfortunate as to land
on a property with 7,000,000 hotels, the bank should once again be available to
intervene in the public interest by bailing out the player.
The 'Something' Government Should Do
Government has tried
countless ways to sustain its Fed-induced booms and avoid the painful but
necessary corrections. Its track record has been an unmitigated disaster,
unless inflating the economy out of a
crisis for a bigger one later is regarded as success. Yet the idea
persists that intervention works, that if a mountain of facts show otherwise
it’s always possible the intervention was
little, too late.
Establishment’s perspective, the fatal flaw of Austrian economics is the job it
accords government, which is none at all.
But free markets are markets free from intervention, which means today’s
government not only has a job, but a crucial one: It should bow out of our
economic lives altogether. That’s the “something” government should do.
Everything possible is done to prevent the
fraud of the monetary system from being exposed to the masses who suffer from
it. ~ Rep. Ron Paul, TX,
House of Representatives,
February 15, 2006
The gold standard did not collapse.
Governments abolished it in order to pave the way for inflation.
~ Ludwig von Mises,
Theory of Money and Credit, 1953
quotes from Paul and Mises are political heresy, yet they hint at why government
crises have long dominated the headlines. Why doesn’t the public understand
this? Libertarians often observe that
government doesn’t work, but clearly, it does some things right or those
statements would be conventional knowledge. Put another way, why is the idea of
sound money so foreign to most people? Why do they trust the state’s inflatable
notes and the
inflationist in charge of them, then wonder why the economy blows up? Given
its record, why do they trust the state
in and year out, government schools produce students who either (a) could care
less about monetary issues, or (b) have state-approved ideas of them.
Government crop management weeds out potential trouble-makers.
Why Shed Blood for
Winston Churchill once
the best argument against democracy is a five-minute conversation with the
average voter. A conversation with just about any voter would work as well.
Hans-Hermann Hoppe points
out that democracy promotes “the ‘infantilization’ of society,” resulting in
“continually increased taxes, paper money and paper money inflation, an unending
flood of legislation, and a steadily growing ‘public’ debt.”
Ultimate Road Trip
Anyone who publicly calls for the abolition of the Fed gets
my attention. Add to his resume the fact that he rode a motorcycle across China
once, circled the planet on the ground twice (the second time with his beautiful
bride), ran the New York City marathon three times, and is one of the world’s
most successful investors as well as a best-selling author, and I’ll sit and
I did my
note-taking while reading Jim Rogers’s book, Adventure Capitalist: The
Ultimate Road Trip...full
Revolution's Paper Money Legacy
After Lexington and Concord, Congress
had a war on their hands and needed a way to finance it. The Americans were in
large measure tax rebels, so taxation of their own would have to wait. After
giving some thought to borrowing, Congress decided instead to call upon their
old friend, the printing press.
The colonists had a long history with paper money. They had been inflating
since the 1690s and had all but driven silver specie out of circulation.
Government's Perennial Enemy
The gold standard, Ludwig von
Mises wrote, “requires nothing else than that the government abstain from
deliberately sabotaging it.” [p. 421]
Much to the detriment of civilization, governments have undermined and debased
the gold standard throughout much of history. With the aid of a
state-sympathetic class of intellectuals, most educated people now regard
monetary gold as a quaint contrivance of a bygone age--to the extent they give
the issue any thought at all. Any suggestion that we adopt an authentic gold
standard as a permanent solution to financial crises, dollar depreciation, and
senseless wars is
dismissed by the intelligentsia as hopelessly naive.
Colonial Radical in King Bernanke's Court
Thomas Paine made the case for
freedom in 1776, and ten years
later made the case for
freedom’s money, gold and silver.
 If we had followed his advice on the latter, we
would still possess a good measure of the former.
The Sacred Cow of
No one has ever died from inflation directly, yet
it constitutes a serious threat to our existence. By “inflation” I mean a
policy of increasing the money supply, the root cause of the booms that
inevitably go bust. Using this traditional idea of inflation--which, it should
be mentioned, is regarded as
contrived by most economists today--in what sense can it be considered so
Especially when a simple perusal of the facts
Who Does the Fed
Conscripting kids and rushing them through boot camp, then
packing them sardine-style into ships for the voyage overseas, then trucking
them to rat-infested trenches, then hauling them out when they’re dead, maimed,
diseased, or finished killing -- all of that and much more requires funding that
only a central bank, with its surreptitious form of theft, can provide without
Bernanke and the
For at least the last three centuries, economists have had ample
evidence that fiat money -- another name for the paper government orders us to
use in exchange for real goods and services -- has a short lifespan. It
exists because it’s easy to create, and when money is easy to create, it gets
created -- for the benefit of some at the expense of the rest of us.
What's Wrong With
"The Federal Reserve, the central bank of the
, provides the nation with a safe, flexible, and stable monetary and
financial system.” ~ Board of
Governors of the Federal Reserve System
WAR IS PEACE FREEDOM IS SLAVERY IGNORANCE IS
quote hidden in Apple’s February keyboard update
Like an interminable soap opera, pundits continue
to bring forth scenarios of impending economic disaster. Financial Times
Martin Wolf, for instance, discusses in detail Professor Nouriel Roubini’s
Twelve Steps to
Financial Disaster, of how we have reached unsustainable levels of debt, and
that bankruptcies, defaults, a collapse of stock prices, and “a drying-up of
liquidity” are heading straight at us. Wolf adds that the Bernanke Fed, finally
waking to the dangers, has lowered interest rates by two percentage points this
year, as “insurance against a financial meltdown.” Because we’re a debtor
nation, the government “must keep the trust of foreigners. Should it fail to do
so the inflationary solution becomes probable. This is quite enough to explain
why gold costs $920 an ounce [as of Feb. 19].”
Gold, Ron Paul and
...gold has served as the principal medium of exchange throughout
history because its value does not depend on a government fulfilling its
The Root of
"Money had been removed from the people and placed in the care of politicians.
And political money didn't require the expense and labor of mining ore. It
required only ink and the will to print. Thereafter, there would be no such
thing as a scarcity of money."
Building the Freidman Myth
"Let the man's record speak for itself. His rhetoric about
freedom and the wonderful blessings of the free market notwithstanding, Milton
Friedman pushed hard for policies and programs that cost us dearly in lost
freedom. If he really did succeed 'in stopping the advance toward
ever-increasing government control,' as Ebeling asserts, why is the state so
much more intrusive and belligerent today than it was yesterday, or ten years
ago, or thirty years ago? Nothing has stood in the way of Leviathan's growth.
Friedman's state-sponsored 'freedom' has failed."
Whistleblower's Attack on the Fed
"When [Bernanke] says 'thanks to you, we won’t do it again,' he means he’ll
follow Friedman’s general advice and try to destroy the dollar at a low and
steady rate (which he calls 'inflation targeting'), but if the dollar should
threaten to recover in value, he’ll bring in the helicopters and dump money in
the laps of preferred investors. The dollar will thus continue on its course to
oblivion, but most people won’t notice because it could take years to
accomplish, and very importantly, it might postpone an economic collapse."
Have Fiat Money, Will Inflate
If liberty is defined as freedom from force, then
the answer is clear: Only the Austrians advocate a coercion-free society. With
its call for controlled inflation, the Chicago school gives government an
important role and thereby invites abuse.
What Is the Fed's 'Noble Cause'?
A central bank like the Fed 'is not a natural product of banking development,'
British economist Vera Smith wrote in the 1930s. It works only with the aid of
government favors that grant it a monopoly on the issue of what we’re forced to
accept as money. Perhaps an economist with the courage of a Cindy Sheehan will
confront the Fed chairman and demand to know for what noble purpose we are
burdened with a government-created banking cartel that imposes a hidden tax on
us in the form of a chronically depreciating currency.
Grilling the Maestro: Ron Paul Questions Alan Greenspan
"Why, then, would anyone want to inflate the supply
of money and thereby lower its price? For the same reason a counterfeiter
would: the new money will let him buy things at current prices, without
requiring him to earn it first."
The Greenspan Greenback
In an effort to silence forever those pesky
cranks who call themselves monetary libertarians, Federal Reserve Board Chairman
Alan Greenspan has announced a new do-it-yourself dollar.
Counting on most note holders not to demand their
gold at the same time is another way of saying the banks are hoping they don’t
get caught. Because no one can loan something they don’t have, fractional
reserve banking is a gigantic fraud.
While the Fed carries on these operations week
after week, everyone in the economy is forced to live with the destructive
effects of its inflationary policies – a depreciating dollar (now worth about a
nickel since the Fed took charge), tinsel booms followed by painful recessions,
time spent trying to protect our wealth from Fed plunder, additional pretexts
for government intervention in the economy, more money for government wars, more
corruption, more political pork (such as the $40 million upcoming inauguration),
and a rising cost of living. We also have to live with a chorus of commentators
telling us the Fed’s our friend and protector and the economic outlook is
from the Fed
Most people view the Fed as our tireless public servant promoting
a stable economy and fighting the curse of inflation. The truth is the exact
opposite. The Fed is solely responsible for inflation and has caused economic
havoc since its inception.
Strong Dose of DiLorenzo
In his book, DiLorenzo sometimes points out how a "strong
dose of capitalism" helped a particular economic problem. I contend that a
"strong dose of DiLorenzo" is what we need to set our thinking straight.
A Time to Kill,
The federal government gets revenue
by borrowing, taxing, or inflating. Of the two coercive methods, taxation is
fairly visible and thus somewhat under our control. But inflation, for most
people, is steeped in mystery
It Has Happened
When England under their
George III tried to muscle the American colonies into servitude we threw off our
overseas masters and attempted to institute a government with enough checks on
its power that we would always be able to say, 'It can’t happen here.'
Yet, it has. We now have the debt-ridden, corrupt, wasteful, elitist,
special-interest-driven empire that we repudiated in 1776.
The Fed's Grasping
As a 'stealth tax,' inflation
requires no legislation to impose, no agency to collect, and diverts
responsibility for damages onto politicians’ favorite whipping boys. It
gives government the ability to buy almost anything for nothing, while creating
endless problems that serve as a pretext for intervention.
Myths of the Money
Of course, war and its
attendant loss of life, liberty, and wealth are only a few of the many blessings
the Fed makes possible. The Fed exists to inflate the money supply, that
is, to increase the amount of money in circulation. Imagine what you could
do if you could legally print your own money and force others to accept it.
The government has. That’s why it created the Fed.
The Story of the
Fed Is a Story of a Crime
The bottom line is that
Congress and the banking cartel have entered into a partnership in which the
cartel has the privilege of collecting interest on money which it creates out of
nothing . . . . Congress, on the other hand, has access to unlimited funding
without having to tell the voters their taxes are being raised through the
process of inflation.
Engenders the Next
Since Greenspan took over the Fed in 1987,
the monetary base has tripled, while GDP has gone up only 50 percent. The
new money has no resources behind it, but it looks like the real thing and is
accepted as such. In other words, it’s counterfeit, of value only to early
users of the money who transfer wealth to their possession in exchange for
As cons go, withholding ranks
as one of the greatest, but it’s not in the same league with central banking.
Withholding can’t hide from the fact that it’s a form of plunder. Not so with
central banking. It has the reputation of being the backbone of our economy, the
engine of our prosperity.
Prosperity vs. the Fed
It's not "the economy,
stupid"; the economy would run fine by itself. The problem is the government's
meddling in it with the central bank. "Full" recovery may be attained when
business starts taking out capital loans. Permanent recovery will only come when
we return monetary control to the market and abolish the Federal Reserve.
Greenspan, Come Home
Stand by your article, Mr.
Greenspan, and stand up for gold.
Hannity Picks on a
represents the brightest hope we’ve had in a long time to 'awaken liberty from
its long slumber.' Hannity accuses her of doing something 'sneaky' and
'cute.' How 'sneaky' is it to pour over ponderous and confusing tax codes
and research court cases for years, then decide to step out alone and risk
losing everything, including the next 30 years of your life, by not paying
income taxes? I call that uncommon valor of the highest order. The
only sneak in this issue is the government, and it’s anything but cute.
Driving a Stake through the Heart of the Income Tax
Rand, we don't embrace collectivism because of bad economics, we embrace bad
economics because of collectivism. As long as people believe in the
almighty state, we'll have not only taxes, but hell to pay.
How to Pull the
Plug on Big Government
The Administration expects war protesters, but imagine how they'd react if a
million people marched on Washington to demand an end to the Fed and a return to
the gold standard.
Ending the Income Tax
It's time for you to tell the
big spenders in your state you're mad as hell and you're not going to take it
The Federal Reserve: Big Government's Silent Partner
The Fed, as the engine of
inflation, bankrolls government wrong-doing. Its creation marked the first step
in the destruction of sound money — a gold standard.
Happened to Sound Money?
thief so skilled he can take your money without it ever leaving your hands. If
this sounds impossible, you underestimate the power of central planners.
Trade: the Enemy of Special Interests
Free trade is the enemy of special interests that run to the government for
protection. These groups throttle us with harmful legislation because of largely
Encarta Capitalism: Why Bill Gates Needs Help
No doubt the Encarta
article would receive high marks from Mr. Gates' antitrust tormentor, Judge
Thomas Penfield Jackson. But if the founder of the Redmond giant wants to
present capitalism without the standard falsehoods and omissions, he should
consider hiring someone who understands the subject.
Tale of Wealth
Stripped of its
sensational aspects, Titanic is a morality play about the evils of wealth
in the wrong hands. Perhaps someday James Cameron will turn his genius into
portraying money as a force that enhances personal happiness, instead of the
nemesis of anyone owning more than a dime.
The Virtue of Profit - We Won't Survive Without It
Most people want more laws enacted to keep
businesses from influencing politics. What we need, though, is to repeal laws
-- keep anyone from securing special favors from our elected officials.