The supply of gold is governed by nature; it is not, like the supply of paper money, subject merely to the schemes of demagogues or the whims of politicians. Nobody ever thinks he has quite enough money. Once the idea is accepted that money is something whose supply is determined simply by the printing press, it becomes impossible for the politicians in power to resist the constant demands for further inflation. Gold may not be a theoretically perfect basis for money; but it has the merit of making the money supply, and therefore the value of the monetary unit, independent of governmental manipulation and political pressure.
— Henry Hazlitt, Man vs. The Welfare State [1969] |
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| November 8, 2022
The Anti-Russia Paranoia
Given the mid-term elections, the anti-Russia paranoia of U.S. officials has been at a peak. The feds have been scouring the Internet to determine whether the Russians are improperly influencing American voters into supporting candidates who refuse to adopt the Pentagon’s and the CIA’s extreme anti-Russia animus. The idea is that American voters, given that they are mostly public-school graduates, have extremely pliant … |
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The Libertarian Angle
Thursday, November 10, 2022
World Wide Web
Speaker: Jacob Hornberger and Richard M. Ebeling |
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