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SNB & CHF

Will a New BRICS Currency Change Anything? Maybe

Money first originated through the voluntary exchange of commodities, such as gold and silver, in order to eliminate the inefficiencies of barter. As Austrian school of economics founder Carl Menger explained: Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that...

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You Don’t Like It? Leave! The Telling Sophistry of Tax Apologists

What better way to “celebrate” tax season than to talk taxes? Stop me if you’ve heard this one: Taxation is not theft. It’s just the law of the land. You want to live in this country, you pay the long-established, constitutional, customary tax. If you’re not okay with that, there are plenty of other countries to choose from whose customs and edicts you may find more agreeable. Just go live there, and best of luck to you! So as long as you have that right of exit, the...

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Never a Dull Moment: A Libertarian Look at the Sixties Audiobook

These short columns—usually no more than two typewritten pages each—appeared in the Freedom Newspapers. Starting in January of 1967, Rothbard churned out fifty-eight columns, the last one written in the summer of 1968, addressing the campus revolt; the massive antiwar demonstrations; the Six-Day War between Israel and the Arab powers; the Newark riots; the Vietnam war; the persecution of H. Rap Brown, the assassination of Martin Luther King, the abdication of Lyndon...

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