The mainstream says everything is under control. But the Fed continues to monetize trillions of dollars of debt and becomes more blatantly political in how it partners with the regime in countless schemes, from locking down the economy to racking up new debt at unnaturally low interest rates.
Perhaps our most important job at the Mises Institute is to help intelligent lay audiences understand and fight political money. To that end we offer a brilliant new book by Dr. Thorsten Polleit, The Global Currency Plot. The book is a tour de force and we’ve excerpted some of the most compelling chapters.
Every bank in America lines up to receive free money from America’s central bank. The Fed will eventually expand its balance sheet by trillions of dollars more, and they’ll tell us that it would have been worse if it weren’t for the Fed.
Despite his mistakes, Scalia was an impressive figure who showed himself more than a match for the left-wing elites who dominate the major law schools. The intelligence and wit manifested in his opinions made him one of the major jurists in the history of the Supreme Court, and if we must sometimes dissent from this great dissenter, we should not lightly dismiss him.
Laffer and Domitrovic present a comprehensive history of income tax rates and their effects on the economy from World War I to the present, and they cover not only federal taxes but also taxation at the state and local levels.
We want stuff now, we want happiness now, we want that vacation or car or trinket now. This is simple human nature. But we also have the capacity to plan and prepare for the future. This innate human desire to improve our material circumstances in the future is the driver of all economic growth.
Does cheap money and credit make us richer? Does more money and credit create more stuff, or better stuff? Do they make us happier and more productive? Or do these twin forces actually distort the economy, misallocate resources, and degrade us as people? These are the fundamental questions that Jeff addresses.
Jeff and Edward Chancellor discuss The Price of Time and delve into the all-important topic of market-set interest rates as an important indicator of a healthy society, and why manipulating them is so harmful. The current system isn't working, so what can be done?
Kendall shares Murray Rothbard’s antipathy for elite dominance, and sees the Left’s phony push for equality as nothing more than an attempt to install themselves as leaders of a revolutionary social order. Kendall is not for liberty and natural law, but this book is interesting and vital.
In the current world, secession—when successful—is an event that reduces the size and scope of states. It reduces the territory and the populations over which a single central institution exercises monopoly power.
