Get beyond the PhDs running the Federal Reserve or the way people treat the Fed with deference. In the end, it is nothing but a legal counterfeiting ring. Original Article: “ We Are All Counterfeiters Now” This Audio Mises Wire is generously sponsored by Christopher
Two days before Christmas, 1913, the infamous “creature from Jekyll Island,” the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since. Original Article: “ Woodrow Wilson’s Christmas Grift of 1913” This Audio Mises Wire is generously sponsored by Christopher
While we speak of a desire for honest money, the larger problem is that the Federal Reserve System cannot coexist with an honest money regime. Original Article: “ Honest Money in Dishonest Hands” This Audio Mises Wire is generously sponsored by Christopher Condon.
In 1903, a lawyer in Germany took out an insurance policy and made payments on it faithfully. When the policy came due in twenty years, he cashed it in and bought a single loaf of bread with the proceeds. He was fortunate. If he had waited a few days longer, the money he received would have bought no more than a few crumbs. Germany had been on the
But once a commodity is established as a money on the market, no more money at all is needed. —Murray Rothbard, Taking Money Back The Fed’s distinguishing characteristic is its grant of privilege to buy assets with money it doesn’t have. No other person or institution can legally do this; those that tried would be indicted for counterfeiting. At
Late in his presidency Donald Trump renominated Dr. Judy Shelton to serve a fourteen-year term on the Fed’s seven-member Board of Governors, but given her written advocacy of the gold standard and her flip-flop during confirmation hearings, she failed to win the post. Had she been elected, she would be sitting among members whose job is to keep
Se hace todo lo posible para evitar que el fraude del sistema monetario salga a la luz ante las masas que lo sufren. —Representante Ron Paul (R-TX), ante la Cámara de Representantes de EEUU, 15 de febrero de 2006. A mediados de los sesenta, tras leer sobre el oro en Rebelión de A tlas , decidí averiguar algo sobre la inflación y escribí al
Seguramente hay otros mundos que éste, otros pensamientos que los pensamientos de la multitud, otras especulaciones que las especulaciones del sofista. —Edgar Allan Poe, «La asignación» Nada hace aflorar narrativas engañosas o falsas como el tema del dinero. En los últimos veinticinco meses, los precios se han disparado, y a esta evolución se la
Para aquellos que se sientan aliviados al saber que la Biblia sanciona un medio de cambio derivado del mercado, el libro Honest Money de Gary North será un regalo del cielo (sin juego de palabras). Incluso para aquellos réprobos que renuncian a una visión religiosa del mundo, su libro proporcionará una base sólida en la teoría e historia
¿Ha deseado alguna vez un Lamborghini? Yo sí. En concreto, el Lamborghini Aventador LP 7~00-4 Roadster descapotable. Sólo hay una cosa que me impide conseguir uno. Con opciones, se vende por algo menos de medio millón de dólares. Eso es para un coche , un coche especial, pero de ninguna manera el más caro. Si quisiera, podría intentar convencer a
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.