Laissez-Faire Today

The instant the Fed announced QE3, an unlimited program of bond buying with fake money until the end of time, the speculation about what …

Some pretty big names in the financial prognostication business are recommending that investors start buying houses. Jim Grant has devoted lots of space in …

“All the profits of drug trafficking and none of the risk.” That’s how the prosecutor in a federal criminal case described Carlos Garcia’s smuggling …

The movie Inception (2010) directed by Christopher Nolan, is one of the few films I’ve seen that takes the idea of ideas themselves seriously. …

There is reality and there is Ben Bernanke. The two are ever more disconnected. Speaking in Jackson Hole, Wyo., Fed Chair Ben Bernanke claimed …

Oceans of taxpayer money and patience have been devoted to propping up the banking system. Why? So that when we go to retrieve our …

While Ron Paul lost the battle for the presidency, he may yet win the war for sound money. At least the intellectual battle might …

In Mao’s Great Leap forward of 1958, and then the Cultural Revolution of 1966 and following, millions suffered persecution and death. Collectivized land led …

In the United States, the free (as in government is not involved) part of free enterprise has been forgotten. So it is the highest …

Google’s new Motorola unit had great ambitions to serve customers and keep dazzling us with ever more spectacular things that enhance our lives. After …