[Ed. Note: This article originally published on Jan. 24, 2013] Stocks up. Gold down. Bitcoin… waaay up. The S&P 500 busted through the 1,500 mark this morning. Stocks haven’t been this expensive since 2007… right before they got a whole lot cheaper… for a whole lot longer. Gold, meanwhile, dipped a tad. This, despite central …
Emblazoned across the lucre-basted exterior of the Internal Revenue Service Building in Washington, D.C., is one of the most intellectually polluted quotes any free mind is ever likely to encounter: “Taxes are what we pay for a civilized society.” Its effortlessly officious author, Associate Justice of the United States Supreme Court Oliver Wendell Holmes Jr., …
News hit the wires over the weekend that the Republic of Cyprus would begin stealing money from depositors in order to resurrect confidence in its flailing banking system. They want to avoid a crisis, in other words, by creating exactly the kind of uncertainty in which crises thrive. “More likely,” observes Spy Briefing Books’ Jeffrey …
Decent folk don’t need Dick Cheney to describe something as “a good policy” to know it’s probably a bad idea. But just in case they missed the point the first time around, the former VP was on television last week to hammer it home for them. In an interview with CBS This Morning, Cheney brushed …
Reprinted from the Daily Reckoning First up, a quick public service announcement for our International Reckoners: For Australians, that means no “cracking onto” members of the opposite sex…no getting “off one’s face”…no “tearing it up”…no “little rippers” and, we would think, no “barrakking” for anyone. Our Irish friends will likewise wish to steer clear of …
It is at times useful to imagine how a truly laissez-faire society, one entirely emancipated from the shackles of state coercion, might exist and operate. Morris and Linda Tannehill examine this very idea in The Market for Liberty: Is Government Really Necessary? The Market for Liberty imagines a totally free society: one with no government …