We’d like to give the banks in Australia some credit. They’ve finally gone and done it. They have caught up with 1960s technology. They’ve figured out how to use PIN numbers. How to only use PIN numbers, that is. They’re considering scrapping signatures on credit cards to cut down on fraud. Apparently, having to verify …
Socialism is the big lie of the 20th century. While it promised prosperity, equality, and security, it delivered poverty, misery, and tyranny. Equality was achieved only in the sense that everyone was equal in his or her misery. In the same way that a Ponzi scheme or chain letter initially succeeds but eventually collapses, socialism …
It is such a kick to read the transcripts from the White House’s health care “war room” in the first days of release. What a meltdown, and you get to watch it all in real-time. I’m not trying to be cruel to the kindly despots who have wrecked so much of what worked in the …
For the life of me, I just don’t get conservatives. They profess to love free enterprise and free markets and they say they hate socialism. Okay, then why do they never call for the repeal of Medicare and Medicaid? After all, it’s not surprising that progressives (or liberals) favor Medicare, Medicaid, and Obamacare. They don’t …
“How the heck does this thing work?” I struggled with the new can opener for 20 minutes before giving up. This thing doesn’t work. Has the government wrecked the can opener too? Hmmm, maybe I should read the instructions. I had done the “guy thing” and attempted to use a new product without bothering to …
When National Public Radio airs a segment on the gold standard, you know that the debate over the quality of money has reached the point where it can no longer be ignored. Another sign came last month when Newt Gingrich, who has never shown the slightest interest in the cause of sound money, suddenly began …
There’s been a long debate over digital technology. Does it help or harm the cause of liberty, individualism and human rights? People who say it has hurt point out that government has been able to use the products of private innovation for its own purposes. The government can watch us as never before. It assembles …
We are living under a form of monetary prohibitionism today, forbidden to use any means of payment other than that maintained by the state. And it is not unlike the alcohol prohibition of old. It redistributes wealth, steers gains to the unscrupulous, strengthens the state and promotes various forms of criminality.