The recent financial crisis has spurred a multitude of reactionary editorials in the press, mostly calling for increased regulation of the financial sector and a bailout for the auto industry. This reflects economic illiteracy and a misunderstanding of the root causes of our current financial crisis. I think this ignorance is due partly to a reliance on our political leaders as ‘experts,’ when in fact most know little more than the basics when it comes to securities markets, the effects of deflation, or how fractional reserve banking impacts the economy.

One key attribute that gives money value is scarcity. If something that is used as money becomes too plentiful, it loses value. That is how inflation and hyperinflation happens

If there is anything I am a sucker for, it is lists of “suggested reading”, “required reading”, etc. A frequently reader of this site or similar sites will most likely see the same recommendations for books to read - “Human Action” by Mises, “Man, Economy, and State” by Rothbard, “Atlas Shrugged” by Ayn Rand, etc. While these are stupendous and highly recommended books, I feel there are various books (and other things) that I feel are underrated and recommended reading by me. I am not going to limit myself to books but also include other media I recommend.

These are the underlying assumptions behind much of the media celebration of the Obama victory. It stems from the belief that the “tables must turn” – the strong must be made weak and the weak made strong – in order for history to move forward on its path toward some imagined social ideal.

It’s almost Halloween and the kids are getting ramped up for the biggest sugar rush of the year. But the real trick-or-treaters will be in Washington.

How would private coinage work? In the same way, we have said, as any other business.

Stop this 10% reserve requirement and have a 100% requirement that is fully accountable by the people, for the people.
End the private banking monopoly on money now.
Support the following act that I have included here

Watch this hysterical clip of CNN laughing at SNL laughing at Palin during a recent interview about the economy. Also features a FOX News Clip and Miss South Carolina!

It’s never been more important to spread a sound view of money and banking, not only as a protection against the fallacies of “stabilization” and “reflation” but also as way to see what kind of reforms are essential now.

This crisis is happening because the Federal Reserve has made money artificially cheap through low interest rates with the sole purpose of getting banks to borrow and invest when real world factors were telling them not to. The banks couldn’t resist borrowing at rates lower than inflation and subsequently invested that money in the only place that could handle it all, the housing market.