This Is What An Economy In Free Fall Looks Like

by Rick Moran.      The Russian economy is in free fall as the ruble has lost half it's value during the dizzying slide in oil prices. Last Tuesday, the ruble tumbled 10% - a follow up to Monday's 10% slide.This precipitated panic buying in the stores as Russian consumers, fearing their rubles will only become less valuable in the near term, crowded retail       ... MORE

VIDEO: Chris Rossini - Set Money Free

What every American needs to know about the Federal Reserve.

Liberty And Wealth Require Strong Money

by Daniel Oliver Jr.      Conservatives hold that wealth and liberty correlate. This proposition was self-evident in the context of the Cold War and remains true today. It is the reason China cannot surpass the West in terms of wealth creation (contrary to the hysterics emanating from The Economist): a repressive country that continues to      ... MORE

Rigged Gold Price Distorts Perception of Economic Reality

by Paul Craig Roberts and Dave Kranzler.    The Federal Reserve and its bullion bank agents (JP Morgan, Scotia, and HSBC) have been using naked short-selling to drive down the price of gold since September 2011. The latest containment effort began in mid-July of this year, after gold had moved higher in price from the beginning of June and   ... MORE

The Typical Household, Now Worth a Third Less

by Anna Bernasek.      Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too. The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 %    ... MORE

VIDEO: John Stossel - Hey, Big Spender

VIDEO: Milton Friedman - Understanding Inflation

VIDEO: Fox News: Pennies and Nickels

Walter E Williams: Is There Wage Stagnation?

The answer may surprise you.     Many economists, politicians and pundits assert that median wages have stagnated since the 1970s. That's a call for government to do something about it. But before we look at the error in their assertion, let's work through an example that might shed a bit of light on the issue. Suppose that you paid me a straight $20  ... MORE

Why Milton Friedman's Vision For A Bitcoin Was Accurate

by Victoria Wagner Ross.      Bitcoin has had many supporters and many critics as it exploded in popularity and news over the past year. CoinDesk has featured Milton Friedman’s predictions today about a decentralized currency and how it will be part of the future in a global economy. Consider the numbers of 25,000 merchants now        ... MORE

VIDEO: U.S. Government Says "No Inflation" As Prices Soar

John Stossel: Bitcoin Revolution

Why Stossel chose to invest.               The big online retailer Overstock.com now accepts payment in Bitcoin. That's good news for lovers of liberty because Bitcoins give us an alternative to government-controlled money. Bitcoins are a currency created by anonymous, private tech nerds, not by government. Governments don't like            ... MORE

Why Not Raise The Minimum Wage To $100 An Hour?

by Carrie Sheffield.       Fast food workers are hitting the streets in cities across the country, walking out from their jobs, demanding higher wages. Many of these protesters want $15 an hour. President Obama and other Democrats decreed $10.10 is the correct minimum wage for now, up from the current federal standard of $7.25. That would be a      ... MORE

Forbes: The Bankruptcy Of Modern Economics

Examples of intellectual illness.    The resounding victory of N.J. Governor Chris Christie has people speculating about the 2016 presidential race, particularly on the Republican side, since it’s a given among pols and pundits that Hillary Clinton’s nomination for the Democrats is a foregone conclusion (it isn’t, but that’s another discussion).     ... MORE

Monty Pelerin: Hyperinflation Is A Political Choice

Markets will stop what politicians will not.        The situation with the Federal Reserve (and other central banks around the world) is not very different than what prevailed in the early 1920s and ended in Germany’s horrendous hyperinflation. The notions that “this time is different” or “it can’t happen here” are naive. It is happening    ... MORE

Thomas Sowell: A Return To Keynes?

Turning a blind eye to history.        The nomination of Janet Yellen to become head of the Federal Reserve System has set off a flurry of media stories. Since she will be the first woman to occupy that position, we can only hope that this will not mean that any criticism of what she does will be attributed to sex bias or to a "war on women."       ... MORE

Why Whiskey Was Money And Bitcoins Might Be

by Brian Lasorsa.       Currency is a crossroads for many free market advocates. Monetarists, including Nobel laureate Milton Friedman, have long argued in favor of central banks stabilizing price levels. They say the institution would provide a sense of comfort to debtors and creditors wary of inflation. Constitutionalists, albeit embracing a general  ... MORE

Rand Paul: Milton Friedman And Restraint

The Fed has been and is a failure.       Lovers of Big Government and apologists for debt like Paul Krugman have tried to paint Milton Friedman as a contradiction. They say that Friedman’s insight that more Fed intervention might have mitigated the Great Depression is inconsistent with his view that the Depression would have been  ... MORE

VIDEO: John Stossel - Currency Devaluation & The Bitcoin

Joseph Lawler: The Money Printers To Work Overtime

Federal Reserve to keep adding stimulus.     Three more Federal Reserve officials reaffirmed Friday that the central bank does not want to take away monetary stimulus too soon, counter to the impressions left by Chairman Ben Bernanke’s press conference last week. The Fed “is not only leaving the punch bowl in place, we’re continuing to spike the ... MORE