The nineteenth-century American free bank experience is typically considered an example of unregulated banking that led to chaos, fraud, and bank failures. Palasek’s study shows that it was in fact a strictly regulated system whose own regulations caused its downfall.
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As we celebrate the Centennial of the birth of Murray Rothbard, we look at his commentary on the American Revolution, where it promoted liberty and where the creation of the Constitution became liberty’s roadblock.
FT: ” Donald Trump’s decision not to refill the Strategic Petroleum Reserve drained by his predecessor Joe Biden has left consumers exposed to an oil price shock.”
The US taxpayers so far have paid more than 6.5 billion toward the Iran war.
Thanks to taxpayer funding, scientific research has become utterly and hopelessly politicized. It’s time to pull the plug on this funding for good.
December numbers were also revised way down. The US economy now has fewer jobs than it did 9 months ago.
The current US conflict with Iran has its roots in the CIA-backed coup in 1953, which removed a democratically-elected prime minister and replaced him with the Shah. The Shah’s government ultimately collapsed, leading to the current Islamic republic.
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In this week’s Friday Philosophy, Dr. David Gordon honors the centennial of Murray Rothbard’s birth, recalling his memories of conversations and discussions with the man who was knowledgeable on a wide range of topics—and was never a boring companion.
If good sense prevails, the American regime will “forget” that Trump called for unconditional surrender, and instead pursue a more sane, negotiated resolution.
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