Related Freeman Articles
The free market has its own brand of fiat
JANUARY 07, 2015 by ROBERT P. MURPHY
Until we're clear on the market's role in establishing the commonly accepted medium of exchange, we will continue to muddy the waters with talk of fiat versus free-market money.
How monetary nationalism wrought havoc, but cryptocurrency can save us
DECEMBER 17, 2014 by JEFFREY A. TUCKER
For a hundred years, central bankers have tried to bring scientific management to money. And in that time, we've seen a string of failures. Can cryptocurrency replace this monstrous system?
INTERACTIVE GRAPH: What does the Federal Reserve have to do with your Thanksgiving dinner?
NOVEMBER 26, 2014 by CHUCK GRIMMETT
It isn't the cost of our food that's been rising; it's the amount of US currency in circulation. (See interactive graph.)
JANUARY 04, 2013 by LAWRENCE W. REED
In my January 2 essay "Beware of Years That End in 13" I explained why 1913 was an awful year and expressed the view that 2013 could hardly be worse. That was before I realized that the Congress that just commenced in Washington is the 113th. Creepy? Inauspicious? I report, you decide.
OCTOBER 31, 2012 by RICHARD W. FULMER
Inflation wouldn't be so hard to understand if it wasn't wrapped up in so much untruth, wishful thinking, and misdirection, Richard Fulmer says.
MARCH 15, 2012 by STEVEN HORWITZ
The irrationality, dear friend, is not in our markets but in our government, that is, the central bank.
The fallacy of no choice.
MARCH 01, 2012 by STEVEN HORWITZ
The language of "had to" may be nothing more than rhetorical cover for a self-interested power grab.
OCTOBER 06, 2011 by BRIAN AITKEN
The Foundation for Economic Education is proud to announce the 2011 Eugene S. Thorpe Writing Competition. Writers of all ages are invited to address the following: "Should the Federal Reserve be abolished? What monetary system should replace it?"
DECEMBER 18, 2009
NOVEMBER 09, 2009
Government Expansion Drives Every Policy Coming Out of Congress
AUGUST 20, 2009 by MURRAY WEIDENBAUM
In the inevitable tension in public policymaking between economic prosperity and income redistribution, for the next several years the American people can expect that income equalization will get the government's priority over improvements in people's living standards.
JANUARY 09, 2009 by SHELDON RICHMAN
The Federal Reserve has been pumping hundreds of billions of newly created dollars into "the economy." Much of that money has been sent to Wall Street to bailout large, struggling firms. But that's just the beginning. President-elect Obama says that since he needs to "stimulate the economy" we can look forward to trillion-dollar budget deficits for years to come. Even before the financial turmoil began, the deficit had approached $500 billion. (Not to worry, though--Obama says deficit spending will impose "fiscal discipline" in the future.) Of course, when the federal government spends more than it taxes, it has to get the extra money somewhere. Therein lies the treachery.