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** WEDNESDAY, APRIL 7, 2021
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Why do booms, historically, continue for several years? What delays the reversion process? The answer is that as the boom begins to peter out from an injection of credit expansion, the banks inject a further dose. In short, the only way to avert the onset of the depression-adjustment process is to continue inflating money and credit. For only continual doses of new money on the credit market will keep the boom going and the new stages profitable. Furthermore, only ever increasing doses can step up the boom, can lower interest rates further, and expand the production structure, for as the prices rise, more and more money will be needed to perform the same amount of work. Once the credit expansion stops, the market ratios are reestablished, and the seemingly glorious new investments turn out to be malinvestments, built on a foundation of sand. [It] is clear that prolonging the boom by ever larger doses of credit expansion will have only one result: to make the inevitably ensuing depression
longer and more grueling.... The way to prevent a depression, then, is simple: avoid starting a boom.
– Murray Rothbard, [link removed] Economy, and State ([link removed]) [1962]
** THE NATIONAL-SECURITY STATE AND
THE KENNEDY ASSASSINATION
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The national-security establishment’s assassination of President John F. Kennedy was one of the pivotal events in our lifetime, and it continues to have an adverse impact on American life today. This conference will be oriented toward people who are not well-versed in the assassination and who wish to gain a deeper understanding of it.
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** HORNBERGER'S BLOG
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April 7, 2021
Repeal MLB's Antitrust Exemption? ([link removed])
GOP leaders in Congress are threatening to enact a law will end Major League Baseball’s exemption from the Sherman Antitrust Act. The reason is that MLB has announced that it is cancelling its plan to hold its All Star Game in Georgia as a protest against the state’s new election law, which liberals claim restricts voting rights of blacks....
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** EXPLORE FREEDOM
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MONETARY POLICY
[link removed] Dangerous Monetary Manipulations and Fiscal Follies ([link removed])
by Richard M. Ebeling
The Future of Freedom Foundation
U.S. Money Supply Continues to Increase at Record Pace as Federal Reserve Backstops Government Spending ([link removed])
by Mike Maharrey
Tenth Amendment Center
CONSTITUTION
War Powers Resolution Should Be Repealed ([link removed])
by David S. Jonas
and Erielle Davidson
Washington Times
THE FREE SOCIETY
We Must Never Forget the Old Normal ([link removed])
by David McGrogan
Spiked
Why Have the Courts Been Deferential to Lockdowns? ([link removed])
by Ethan Yang
AIER
POLITICS
Be Serious, Federalism Didn’t Define the U.S. Response to the Coronavirus ([link removed])
by John Tamny
Real Clear Markets
Congress Dragoons the States ([link removed])
by George F. Will
Washington Post
CORPORATISM
Industrial Policy is a Very Old, New Idea ([link removed])
by Matthew D. Mitchell
and Adam Thierer
Discourse
FOREIGN POLICY
Washington Has Backed Islamist War Criminals in Syria ([link removed])
by Ted Galen Carpenter
Antiwar.com
U.S. MILITARY
Let’s Cut Our Ridiculous Defense Budget ([link removed])
by Peter Beinart
New York Times
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** EVENTS
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The National-Security State and the Kennedy Assassination ([link removed])
Wednesday, April 7, 2021
World Wide Web
Speakers: Douglas Horne
The Libertarian Angle ([link removed])
Thursday, April 8, 2021
World Wide Web
Speakers: Jacob Hornberger
and Richard Ebeling
The National-Security State and the Kennedy Assassination ([link removed])
Wednesday, April 14, 2021
World Wide Web
Speakers: Douglas Horne
The National-Security State and the Kennedy Assassination ([link removed])
Wednesday, April 21, 2021
World Wide Web
Speakers: Jacob Hornberger
Libertarian Party of Kansas State Convention ([link removed])
Saturday, May 1, 2021
World Wide Web
Speakers: Jacob Hornberger
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