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.
Since you're in politics, you're seeking legally
... a strong distrust of government is indigenous to the
"Degeneracy is here almost a useless word. Those who are
conversant with Europe would be tempted to believe that even the air of the
Atlantic disagrees with the constitution of foreign vices; if they survive the
voyage, they either expire on their arrival, or linger away in an incurable
consumption. There is a happy something in the climate of America, which
disarms them of all their power both of infection and attraction."
Thomas Paine, The Magazine in America, January 24, 1775
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?
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...
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.
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
Thomas Paine, Liberty's Hated Torchbearer
As the 18th century's most
influential political pamphleteer, Paine's reputation was born with the American
Revolution he was largely responsible for creating, and he wanted to spend his
last years among people with whom he shared a passion for liberty.
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 Ghost of Dred
“The government gives [blacks] the drugs, builds
bigger prisons, passes a three-strike law and then wants us to sing ‘God Bless
.’ No, no, no, God damn
for treating our citizens as less than human.” 
Such were the words of the
Reverend Jeremiah Wright as he addressed the congregation of the mostly black
Trinity United Church of Christ in southside
April 13th 2003
. As the world has since learned, one of his parishioners was Barack Hussein
Many people were shocked at
Wright’s rhetoric, believing racial diatribes were mostly behind us. But as
Judge Andrew P. Napolitano explains in his latest book,
Dred Scott’s Revenge: A Legal History of Race and Freedom in America,
Wright’s comments are one of the predictable outcomes of government’s sordid
history of race relations.
Shays Fought the
Revolution's Final Battle, and We Lost
Shays’s Rebellion, then, went from a problem to an opportunity. It was used by
certain elites to pry Washington from retirement and send him to Philadelphia,
where his status as America’s foremost icon bestowed a noble splendor on their
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.
Long Time Ago in Boston - Part III: The Final Crisis Before War
At a large meeting on December 16, people in the Boston area learned of
Hutchinson’s injunction disallowing the Dartmouth to sail home. Angry speeches
were made, and after a signal from Adams, a disciplined group of Sons of Liberty
disguised as Mohawk Indians rushed to Griffin’s Wharf and methodically dumped
the tea from all three ships into the Boston harbor.
Long Time Ago in Boston - Part II: The British Send in Troops
Insults were exchanged, then the citizens starting hurling chunks of ice at the
soldiers. Someone shouted 'Fire!' and a ragged volley of gunshots cracked the
night air. The crowd panicked and broke up. Four men lay dead on the ground,
with others staggering or crawling off wounded. Adams later called it the
Long Time Ago in Boston - Part I: The Rise of Otis and Adams
It’s hard to imagine
the United States existing without James Otis and Samuel Adams. It was Otis, in
fact, who got the Revolution underway in a marathon courtroom speech in 1761.
But it was Adams who carried his contemporaries home, the man perfectly suited
to lead a revolt.
Scorches Colonial Virginia
The man of “Give me liberty or give me death!” fame was once lost among the
obscure. Like Thomas Paine and Samuel Adams, Patrick Henry had failed at just
The Roots of Thomas Paine's Radicalism
Indeed, without the words of Paine, the
words of Jefferson six months later might never have been, and the American
cause might have collapsed...
The Day Liberty
Rose From a Long Slumber
defended their liberties with acts of violence directed at the offending source,
the British government. The Crown got a strong dose of it on the fourteenth of
Your Money or
Your Life: Why We Must Abolish the Income Tax
There’s nothing like crisis to expand state
power, and there’s no crisis like war. Thus, it is no surprise that an income
tax was first proposed during the War of 1812, and then not one, but six income
tax bills passed during Lincoln’s war.
Thomas Paine on
War and Taxes
Paine’s reply was Rights of Man,
which eventually earned him an absentia conviction of seditious libel in
England. Though parts of it delve into welfare and social security proposals,
there is much in it that libertarians can treasure.
Thomas Paine, Revolutionary
Paine probably viewed the colonies as most of the English did, as
the one spot on earth where a man's talents, not his ascribed social status, set
the limits on his achievements.
Freedom Begins at Home
When the war was over, Washington surrendered his commission to a feeble
Congress and retired for a short while to private life. A different man would
have taken over the government. While we listen to the Iraq war reports and hear
the word "freedom" spilled forth, let's remember that we once knew that freedom
begins at home.
Thomas Paine on Government and War
"[War] serves to keep up deceitful expectations which prevent people from
looking into the defects and abuses of government." [Rights of Man, Part
the Four Horsemen?
"With a new Court and printing press
money to fund a compassionate government, the people received countless
benefits, except for another world war, a succession of lesser wars,
unfathomable debt, devalued currency, deplorable education, and so on. The new
Court blessed the Social Security Act. The new Court said the National Labor
Relations Act was just fine. In fact, the new Court said just about anything
the government did was fine. The government was no longer restrained by archaic
laws. The people had won."
From Rebellion to Revolution
We pay a hefty price when we neglect Common Sense; it was the call that
turned a rebellion into a revolution.
Moronic Explanations of History
And this is the most important reason for studying history: how we lost our
liberty and how we might get it back.
One in Fighting the State
One of the
distinguishing traits of the Founders was their love of books.
Eat the State
Of course, most holidays don't come ready-made for state consumption; they must
be doctored first.
Freedom Is for Fighters
In a country that's
politically free, the government, if there is one, serves only to protect people
against the initiation of physical force. The land of the free means people can
run their lives as they see fit, as long as they don't coerce others.
Forgotten Lessons from the Boston Tea Party
Our embargo of Iraq,
like the Crown's closing of Boston's port, was a just punishment for destructive
behavior—to question it is a confession of depravity.
countries slavery died with little or no violence. But when a new American
president took office in 1860, rather than fight for peaceful emancipation, he
baited the South into a long and devastating war in what could be described as
an anti-American Revolution. When the war ended, states rights and the
Constitution were among the seriously injured
The U.S. Congress and Thomas Paine
Published on January
10, 1776 for the bargain price of two shillings, Common Sense presented
the case for independence in an engaging style and generated widespread support
for separation from the "royal brute."
But Paine wrote his pamphlet as a private American who only a year earlier had
emigrated from England. What if publication of this critical document had been
left in the hands of Congress?
Capitalism's Pillar: Self-Responsibility
Our welfare system
tells us we are not responsible for our lives. Our legal system tells us we are
not responsible for our actions — getting away with murder has never been
of Office? Kerns' Tribute to Congress
"It is error alone
that needs the support of government. Truth can stand by itself."
— Thomas Jefferson
Big Brother: How the Court Deep-Sixed the Tenth
If we let sacrifice be our moral ideal,
we've given government the means of enslaving us, and liberty, to the extent it
exists, will be by permission, rather than right.
"I didn't fight George III to become George I."
Signs In D.C. Need Ten Sides
We could take up a
collection to swap out the octagonal stop signs in Washington, D.C. and replace
them with decagonal signs--to remind Congress they have very little to do in
their capacity as lawmakers, by virtue of the Tenth Amendment.
"Oh, Say, Can You See" - Why we should keep our national anthem
It was born in battle and captures the spirit of the American resolve not to
surrender to an aggressor
Campaign for Liberty
Strike the Root
FED Economics Portal
1966 "Gold and Economic Freedom"
von Mises Institute