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The Flight of the Barbarous Relic  
"Virtually everything every American needs to know about the Federal Reserve, fiat-money central banking, and monetary history" in novel form.

Demagogue's Survival Guide
Since you're in politics, you're seeking legally coercive control...

State Treachery
... a strong distrust of government is indigenous to the American character.

 

                                 

 

 

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Sound Money: Fight for It!
Isn't 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 barbarism?
Full Article

Austrians Remove the Burden of Fear
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?
Full Article

Who said it, when and where?
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.
Full Article

From "golden fetters" to handcuffed investors
"The 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.
Full Article

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.
Full Article

The Triumph of the Bankers

In spite of its success in bestowing wealth on some men while funding an unnecessary war, [1] 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 survive. 

Full Article

 

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.

Full Article

Who Paid for the Civil War?
When 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... Full Article

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.

Full Article

 

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.  Full Article

 

Selling Fraud

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.   Full Article

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." Full Article

Is the Fed dollar "safe and stable"?
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 realistic optimism. Full Article

How an Economy Grows
Since World War II, most economists have been apologists for government growth.[1] Now the "experts" who never see a crisis coming tell us that we must once again abandon free-market principles to save the free-market system. Full Article

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 propagandists for more of the same. Full Article

 

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 policy.

 Full Article
 

ATM Salvation
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?

Full article

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 that the good times are ready to roll again; don't pay any heed to the millions still looking for work.
Full Article

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. Full Article

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).  Full Article

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
Even before 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?
The 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  Full Article.

 

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 diagnose.

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.  Full Article

 

Meltdown's Monetary Heresy
As the 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.
read more…

 

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?
read more…

 

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.

Full Article

 

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

Full Article

 

The Case for Natural Money
Studying 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.

 

Money, which 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 Article

Hamilton's Counterfeit Capitalism
When history 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 politics.
Full Article

Bailout!
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 irrational 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. Full Article
 

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 too little, too late.

From the 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.   Full Article

Crop Seeding in America

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, before the U.S. 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, The Theory of Money and Credit, 1953

The 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 at all?  

 Year 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. Full Article 

Why Shed Blood for Democracy?
Winston Churchill once said that 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.” 
Full Article

Jim Rogers' 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 take notes.

I did my note-taking while reading Jim Rogers’s book, Adventure Capitalist: The Ultimate Road Trip...full article

The 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. 
Full Article

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.  Full Article

A 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. [1]  If we had followed his advice on the latter, we would still possess a good measure of the former.   Full Article

The Sacred Cow of Inflation
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 dangerous?  
Especially when a simple perusal of the facts suggests otherwise.

Who Does the Fed Serve?
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 political repercussions.

Bernanke and the Holy Grail
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 Markets?
"The Federal Reserve, the central bank of the United States , 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 STRENGTH” ~ 1984 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 columnist 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 Prosperity
...gold has served as the principal medium of exchange throughout history because its value does not depend on a government fulfilling its promises.

The Root of Financial Panics
"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. 

Greenspan and Banker Alchemy
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.

Inflation, the Insidious WMD
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 by-golly rosy

Season's Greetings 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.

A 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 Here
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 Invisible Hand
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 Machine
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.

One Madness 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 nothing.

State Cons
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.

Alan Greenspan, Come Home
Stand by your article, Mr. Greenspan, and stand up for gold.

Hannity Picks on a Real Fighter
Verny Kuglin 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
Paraphrasing Ayn 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 any longer.

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.

Whatever Happened to Sound Money?
Imagine a 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.

Free 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 unchallenged propaganda.

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.

Titanic's 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. 

 

Other Interesting Sites

Wikileaks Mirrors

Ron Paul's
Campaign for Liberty

Strike the Root

Classics of Libertarian Thought

BK's FED Economics Portal

Greenspan's 1966 "Gold and Economic Freedom"

Ludwig von Mises Institute

"V" for Vendetta

                                       

 

 

 

©2001-2011
 George F. Smith