Central banking is almost entirely a phenomenon of the 20th century ... created as a means of financing the government.... If you say central banking is essential to a free market economy, I have to ask you about Hong Kong, which has no central bank at all.... Yet it does quite well in terms of economic growth and stability.
– Paul Volcker, Federal Reserve Bank of Kansas City symposium [1990]
HORNBERGER'S BLOG
March 17, 2020 Libertarianism Can't Make Socialism Work
One of the fascinating phenomena of advancing libertarianism here at The Future of Freedom Foundation for the past 30 years has been seeing how frustrated statists become with the failure of libertarians to come up with solutions on how to make socialism work. Statists, of course, are people who look to government — and the force of government — to ...
Tradition and Why the Russians are Who They Are
by Richard M. Ebeling
It is often said to be misplaced and inappropriate to use stereotypes when talking about people or entire nations. To do so is unfair ...
Closing Time
by Laurence M. Vance
The Democratic National Convention — where delegates of the Democratic Party choose their party’s nominees for president and vice president — will be held ...
Right, Bernie! We Are All (Ersatz) Socialists Now
by David Stockman
In 1971 Nixon famously said “we are all Keynesians now” as he ash-canned the Bretton Woods gold exchange standard, thereby unleashing fiat central banking ...
The Impact of Ayn Rand
by Jacob G. Hornberger and Richard M. Ebeling
Has Ayn Rand impacted your life? Join Jacob Hornberger and Richard Ebeling in this week's episode of ...
