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** WEDNESDAY, JULY 19, 2023
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Historically, governments have fostered and encouraged credit expansion to a great degree. They have done so by weakening the limitations that the market places on bank credit expansion. One way of weakening is to anesthetize the bank against the threat of bank runs. In nineteenth-century America, the government permitted banks, when they got into trouble in a business crisis, to suspend specie payment while continuing in operation. They were temporarily freed from their contractual obligation of paying their debts, while they could continue lending and even force their debtors to repay in their own bank notes. This is a powerful way to eradicate limitations on credit expansion, since the banks know that if they overreach themselves, the government will permit them blithely to avoid payment of their contractual obligations.
– Murray Rothbard, Man, Economy, and State ([link removed]) [1962]
** HORNBERGER'S BLOG
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July 19, 2023
Abolish the Postal Service ([link removed])
According to an article in the Wall Street Journal, rural communities are hopping mad at the U.S. Postal Service. The reason? They’re not getting their mail — well, at least not without a long delay, sometimes several weeks. In Silverthorne, Colorado, Christmas cards started arriving in February. Residents of Crested Butte, Colorado, are banding together to explore their options under the ...
Go to the blog ([link removed])
** EXPLORE FREEDOM
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CIVIL LIBERTIES
There Is No Right to a Religious Accommodation ([link removed]) by Laurence M. Vance
Future of Freedom Foundation
Today in History: Fairfax Resolves Condemning British Constitutional Violations Adopted ([link removed])
by Mike Maharrey
Tenth Amendment Center
FOREIGN POLICY
Would Ukraine’s Formal Membership in NATO Really Matter? ([link removed])
by Ted Galen Carpenter
Antiwar.com
The Institutionalization of the New Cold War ([link removed])
by Melvin Goodman
Counterpunch
REGULATION
Do You Have A License To Do That? ([link removed])
by David Ferguson
David's Newsletter
THE FREE SOCIETY
Top Scientists Misled Congress About Covid Origins, Newly Released Emails And Messages Show ([link removed])
by Alex Gutentag, et. al.
Public
New Covid Documents Reveal Unparalleled Media Deception ([link removed])
by Matt Taibbi, et. al.
Racket News
The US Government Sent Millions of Grant Dollars to Alleged COVID ‘Patient Zero,’ Documents Show ([link removed])
by Jon Miltimore
AIER
THE FREE MARKET
Progressive Gloom Ignores a Marvelous Historical Economic Measure ([link removed])
by George F. Will
Washington Post
JFK
The CIA Man Who Read Oswald’s Mail ([link removed])
by Jefferson Morley
JFK Facts
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** EVENTS
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The Libertarian Angle ([link removed])
Thursday, July 20, 2023
World Wide Web
Speaker: Jacob Hornberger and Richard M. Ebeling
The Libertarian Angle ([link removed])
Thursday, July 27, 2023
World Wide Web
Speaker: Jacob Hornberger and Richard M. Ebeling
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