A second device, now so legitimized that any country lacking it is considered hopelessly 'backward,' is the central bank. The central bank, while often nominally owned by private individuals or banks, is run directly by the national government. Its purpose, not always stated explicitly, is to remove the competitive check on bank credit provided by a multiplicity of independent banks. Its aim is to make sure that all the banks in the country are coordinated and will therefore expand or contract together - at the will of the government.
July 8, 2020 The LA Time's Namby Pamby Proposal on Masks Extremely frustrated over the fact that many Americans still refuse to wear masks in the midst of the coronavirus crisis, in an editorial the Los Angeles Times has come out today in favor of a federal mandate on mask wearing. ...
Seattle Gets It Half Right
by Laurence M. Vance
The city of Seattle City Council has voted to strike down its drug-traffic and prostitution loitering laws. The vote was unanimous. I should emphasize ...
Ad Hominems Against Freedom
by Richard M. Ebeling
Statues are historical symbols of people and events from the past, and as such they reflect the heritage and values of a country. In the heightened current racial tensions ...
The Tortured Legacy of the Mexican-American War, Part 2
by Danny Sjursen
The Constitution was, and is, emphatic on one matter, at least: only Congress possesses the power to declare war. In the 1840s, an era of legislative preeminence, even the high-risk ...
