Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

April 27, 2011

The Inflation Won’t Come From The Fed

Everyone knows the Fed is pushing Quantitative Easing. By that, it means that when America is having trouble selling T-bills at advantageous interest rates, the Fed prints up some money to keep demand. It buys the bonds with newly-printed money. The recent run was $600B or so, and the Fed’s current balance sheet holds about […]

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March 19, 2011

Quote Of The Day

I posted yesterday about Bernard von Nothaus of the Liberty Dollar being convicted. I definitely think the fact support a guilty verdict on the charge of “issuing and passing Liberty Dollar coins intended for use as current money”, but some of the others seem quite a bit ridiculous, such as “conspiracy against the United States”. […]

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March 18, 2011

Liberty Dollar Founder Reportedly Convicted

Hard to believe it was over three years ago, but may of us in the libertarian movement will remember the seizure of the Liberty Dollar holdings/equipment/etc. For those new to the movement, the Liberty Dollar was a metal-backed currency presented as an alternative to traditional fiat currencies, but unlike Gold/Silver Eagles, or Krugerrands, or gold/silver […]

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December 30, 2010

Open Thread: Successes and Setbacks for Liberty in 2010/Hopes for 2011

Was 2010 a good year or bad year for liberty and why? Like most of you will likely respond, 2010 was very much a mixed bag IMHO. On the positive side, the mandate section of ObamaCare was found unconstitutional, the military’s “Don’t Ask, Don’t Tell” policy was repealed, Wikileaks exposed the federal government for the […]

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November 15, 2010

Yaknow, I was going to write something about this, now I don’t have to

Posted By: Chris Byrne @ 9:12 pm || Permalink || Comments (2) || TrackBack URI || Categories: Currency and Monetary Policy,Economics,Monetary Issues,Politics
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March 24, 2010

Quote Of The Day

Those of us who predicted lenders would avoid US Treasuries during the financial meltdown we initially somewhat surprised to see investors flocking to them. It’s the result of a supposed “flight to quality”, and nothing at the time seemed less risky than buying US Treasury bonds, since the Treasury sells its bonds in a currency […]

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February 19, 2010

LP’s Wes Benedict on ‘Limited Government’ Conservatives

Those of us who truly believe in limited government* tend to be simultaneously amused and irritated hearing the folks at CPAC speak of limited government as though it’s a principle they truly support. Yesterday, the Libertarian Party’s Executive Director Wes Benedict, monitoring the CPAC festivities from afar, said some of the things that many of […]

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January 26, 2010

Hayek REPRESENT!

When I heard there was going to be a Hayek vs. Keynes rap battle, I was amused. And then I watched it, and realized it’s actually pretty good. Enjoy.

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December 9, 2009

I Have Taught You Well, Young Padawan

from RJ Matson, NY Observer Hat Tip: Ritholtz, The Big Picture

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November 23, 2009

Conspiracy Theory Of The Day

Goldbugs have long-believed that central banks try to manipulate the price of gold, i.e. dumping gold onto the market at certain times to keep the price down, then slowly re-acquiring it after the spike passes, etc. But in an era where the goldbugs are predicting $2000/oz and higher (I’ve seen predictions of $5000/oz), I don’t […]

Posted By: Brad Warbiany @ 3:10 pm || Permalink || Comments (7) || TrackBack URI || Categories: Conspiracy Theories,Currency and Monetary Policy,Monetary Issues
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November 18, 2009

National Debt Tops $ 12,000,000,000,000

Just 247 days after topping $ 11 trillion and 414 days since passing the $ 10 trillion mark, America’s national debt is now above the eye-popping level of twelve trillion dollars: It’s another record-high for the U.S. National Debt which today topped the $12-trillion mark. Divided evenly among the U.S. population, it amounts to $38,974.34 […]

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November 13, 2009

Ludwig Von Mises Finally Getting Some Of The Respect He Deserves

When Ludwig von Mises first arrived in the United States after escaping from Nazi Europe, and pretty much up until the present day, he was essentially ignored by the mainstream economics community in the United States. It was only through the assistance of American businessmen that he was able to get a job teaching at […]

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October 6, 2009

Babs Boxer Will Do Anything For Re-Election: Even Cosponsor S.604!

Back in July, I sent letters to Barbara Boxer and Dianne Feinstein urging them to support or even cosponsor S.604, the Audit-The-Fed bill. I received the typical mealy-mouthed responses (posted below after the fold), and like a bad blogger I never actually mentioned the responses here. How mealy-mouthed was Boxer’s response? Well, THIS was the […]

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October 1, 2009

End The Fed, Save America

It seems improbable that monetary policy could become a “sexy” political topic, but Ron Paul has done it. It started during his 2008 Presidential campaign when he continually talked about the Federal Reserve when asked about the economy, continued through his oft-entertaining interrogations of Fed Chairman Ben Bernanke, and most recently has culminated his sponsorship […]

Posted By: Doug Mataconis @ 5:00 pm || Permalink || Comments (1) || TrackBack URI || Categories: Book Reviews,Currency and Monetary Policy,Economics,Theory and Ideas
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September 28, 2009

Why You Should Support Auditing The Fed

The Fed is tasked with the dual goals of price stability and restraining inflation. Folks like myself would suggest it hasn’t done a very good job of either, but that’s not crucial to the question of whether we should be able to determine how they’re attempting to fulfill their mission. Particularly irksome when we’re talking […]

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September 16, 2009

Chinese Worried Obamacare Is Too Expensive For Them To Pay For

Obama says that he won’t sign a healthcare bill that adds one dime to the deficit. I hope he’s right about that, because the people who are financing that deficit are a tad bit worried about the prospect: And yet, there was budget director Peter Orszag rushing to a lunch with Chinese bureaucrats on a […]

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September 15, 2009

Ron Paul Talks About His New Book On The Federal Reserve

Posted By: Doug Mataconis @ 1:33 pm || Permalink || Comments (6) || TrackBack URI || Categories: Constitution,Currency and Monetary Policy,Economics
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September 8, 2009

Quote Of The Day

“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren, America has a debt problem and a failure of leadership.” — Senator Barack Obama (Ill), 2006 We need to raised the debt ceiling above $ 12 Trillion. — President Barack Obama, 2009.

Posted By: Doug Mataconis @ 10:52 am || Permalink || Comments (3) || TrackBack URI || Categories: Credit Crisis,Currency and Monetary Policy,Economics,Quote of the Day
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August 25, 2009

Inflation Causes Misallocation of Production

The spike in car buying has caused automakers to ramp up production (via John Stossel): Many auto industry analysts and dealers expect sales volumes to fall now that the program is over. They worry that many people who took advantage of the program were merely accelerating purchases they would have made later in the year. […]

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Obama: You’re doing a heck’uva job, Bernie

Continuing his George Costanzaesque presidency, Obama has decided to reappoint Ben “Helicopter” Bernanke to another term on the Fed. Here’s what Obama had to say: Ben approached a financial system on the verge of collapse with calm and wisdom; with bold action and outside-the-box thinking that has helped put the brakes on our economic freefall […]

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