Austrian Theorists and Chicago Economists can rejoice! LibertyPen published a 1994 interview with Nobel laureate Milton Friedman, who told the interviewer that he has been long in favor of abolishing the Federal Reserve, citing its poor record of performance, such as doubling prices, creating an economic collapse in 1921 and maintaining policies that initiated a […]
Blog
President Obama to name Jack Lew as Treasury Secretary
The news is breaking that President Barack Obama will name White House Chief of Staff as the new Treasury Secretary on Thursday. Lew has been the frontrunner to replace Timothy Geithner for quite some time now. Although it will most likely be an easy nomination, some Republican members, such as Senate Minority Leader Mitch McConnell, do […]
Is greed more valuable than charity?
John Stossel produced an interesting segment on his Fox Business Network (FBN) show in which he pegged a discussion as to what is more valuable: industrial achievement or philanthropy. Stossel has discussed this topic before when he was with ABC for a “20/20” special called “Greed.” The new video can be found below.
Alleged U.S. counterfeiter ‘The Printer’ busted for fake $50 bills
No, Federal Reserve Chairman Ben Bernanke is not the one to be busted by the United States federal government. Instead, some man in Atlanta, who was known in criminal circles as “The Printer,” was arrested for charges of counterfeiting. Using simple office equipment, he allegedly was able to print out $50 bills by gluing the […]
What do prices ‘know’ that you don’t?
LearnLiberty published a new video Thursday that looks at the world of prices and how farmers don’t care how or why the prices for corn or soy are high or low. All they care about is that they are high or low. As long as they meet the demand, solve the shortage and satisfy the […]