On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss immigration. While many libertarians have adopted an absolutist open borders position on immigration, there are a number of other factors that should be considered. Ryan and Tho look at the case of small states and the issues raised by government intervention. "Why Open Borders Don't Work for Small Countries" by Ryan McMaken: Mises.org/RR_168_A "Mises on Nationalism, the Right of...
Read More »Can an Easy Money Policy Increase Employment of “Idle Resources”?
Whenever an economy falls into a recession, many economists point out that the economic slump means there will be idle capital and labor. Resources that could be employed are now unemployed because the economic slump has softened aggregate demand for goods and services. So-called experts believe the government must increase the overall demand in the economy since stronger demand will permit idle resources to be employed again. Hence, many economists recommend that...
Read More »History vs Economics: Explaining the Causes of the Great Depression
“Who controls the past now, controls the future. Who controls the present now, controls the past.” That is from “Testify,” a song by newly minted rock ‘n’ roll Hall of Famers Rage against the Machine. I don’t know if Phillip W. Magness of the American Institute for Economic Research is fan enough to be familiar with that, but I bet he knows the original source: George Orwell’s 1984. Whether or not it informed a recent study he coauthored is unclear, but that line has...
Read More »The Establishment Is Unmasking Itself
Two weeks ago, I wrote an article laying out the political class’s struggle to preserve its legitimacy by fighting to regain control over the digital information space. The piece built on Martin Gurri’s thesis that the wide adoption of the internet has caused an information revolution that, similar to the adoption of the printing press, has allowed dissent to grow and spread beyond the control of the ruling classes. The results have been political shocks like the...
Read More »Immigration and Geopolitics: Should Latvia Have an Open Border with Russia?
In the debate over immigration among laissez-faire liberals and libertarians, one aspect of the open-borders side becomes quickly apparent: the debate generally ignores problems related to geopolitics such as international conflict, ethnic strife, and expansionist states. Rather, the libertarian advocates of open borders tend to focus overwhelmingly on why rich countries should open their borders to migrants from lower-income countries. These open-border arguments...
Read More »The Economic Wisdom of Antony C. Sutton’s The War on Gold
Economist Antony C. Sutton understood one of the most fundamental economic truths: gold is money. Thorsten Polleit reviews Sutton’s classic book, The War on Gold. Original Article: The Economic Wisdom of Antony C. Sutton’s The War on Gold [embedded content] Tags: Featured,newsletter
Read More »A Free and Open Internet Is a Threat to the Establishment
Using the rhetoric of “protecting democracy,” American ruling elites have tried to censor the internet because they don’t like the results of democracy when information no longer is filtered by the political classes. Original Article: A Free and Open Internet Is a Threat to the Establishment [embedded content] Tags:...
Read More »Government Prohibitions on Raw Milk Are Ignorant and Dangerous
Since government regulates nearly everything, it is not surprising that regulations often prohibit the sale and consumption of raw milk. Like many other regulations, these prohibitions reflect political favoritism, not health science. Original Article: Government Prohibitions on Raw Milk Are Ignorant and Dangerous [embedded content]...
Read More »Authorities in Jamaica Endorse Cancel Culture
Jamaicans are willing to accept authoritarian behavior from the state in the name of rejecting colonialism. Original Article: Authorities in Jamaica Endorse Cancel Culture [embedded content] Tags: Featured,newsletter
Read More »America’s Fiat Money Gestapo: The Untold History of the Secret Service
There is an untold story in American monetary history. Some are reluctant even to discuss it. I’m referring to the US Secret Service’s very own role in the destruction of sound money in America. As constitutional, sound money in the form of physical gold and silver coins—whether minted privately or not—became an annoying impediment to expanding the size and power of the federal government, central planners began circulating unbacked paper proxies and formed...
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