Legal System

They borrowed when prices were high and had to repay when prices were low. Should the legislature rescue them, or would rescue only deepen the ruin?

The modern way of dealing with criminal behavior has been mass incarceration, yet crime abounds. Murray Rothbard believed that restitution and other methods were superior to the present state-run system.

The modern way of dealing with criminal behavior has been mass incarceration, yet crime abounds. Murray Rothbard believed that restitution and other methods were superior to the present state-run system.

Issuing receipts for gold that does not exist is not banking. It is fraud.

The first intervention was not inflation. It was the seizure of the mint.

The sure way to destroy a prosperous nation is to debase the currency. History is full of examples—from ancient Rome to the nascent French Republic to Weimar Germany. The US and the West, fiat currency regimes all, are irrevocably destined to join this sorry club.

We remember the Declaration's first paragraph and forget its last—the one where thirteen separate states declare themselves free and independent. Larsen Plyler on a legacy that got lost.

Most Americans, unfortunately, believe that we are still living in the constitutional republic created in 1787. That was five republics ago.

Most Americans, unfortunately, believe that we are still living in the constitutional republic created in 1787. That was five republics ago.

It is important to change our political culture, which treats "democracy," or the "right" to vote, as the supreme political good.