By Thorsten Polleit Introduction In this article, I would like to accomplish two goals: First, I want to explain what money is (and what it is not). I will argue that money is the medium of exchange, and that this is the only function of money. Second, I will point out why the size of the money supply does not matter and that the money supply does not have to grow to make an … [Read more...] about Why Governments Hate Currency Competition
Counter Markets – Trends & Strategies for Maximum Freedom
By Jeffrey A. Tucker It was the 17th year for the Porcupine Freedom Festival in Lancaster, New Hampshire, held at the Rogers Campground. It was an unusually spirited, emotional, and powerful gathering this time, mostly because it took place in defiance of the fear-based culture that politicians and the media have been spreading for months. Hey, if Woodstock could take place … [Read more...] about Broadway Closed but Porcfest Stayed Open
By Veronique de Rugy I am always amazed by the faith that people have in government. Scour the newspaper any day of the week and you will read stories detailing the many failures of the federal, state, and local governments or agencies, and of their stupendous ability to commit the same mistakes over and over again. Yet these agencies are the one that people turn to in times … [Read more...] about Surrounded by Government Failure, Why Do People Still Believe?
By Jon Miltimore The author Dorothy Sayers (1893-1957) once observed that one of the downsides of the modern age is that humans are ill-equipped to resist an endless onslaught of messaging (the “incessant battery of words, words, words.”) Literacy had expanded but the tools of reason, logic, and deduction were being lost even as humans were being exposed to mass media and … [Read more...] about 21 Nonconformity Quotes to Help You Resist the Crowd
By Kerry McDonald On Monday, I debated the Harvard professor who proposes a “presumptive ban” on homeschooling. Thousands of viewers tuned in to watch the live, online discussion hosted by the Cato Institute. With 1,000 submitted audience questions, the 90-minute webinar only scratched the surface of the issue about who is presumed to know what is best for children: parents … [Read more...] about 5 Things I Learned Debating the Harvard Prof Who Called for a “Presumptive Ban” on Homeschooling