Robert Murphy aims to provide the “intelligent layperson a concise yet comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States” (p. 9), and he...

For all the great value in Heather Heying and Bret Weinstein’s new book, A Hunter-Gatherer’s Guide to the 21st Century, we find plenty of enmity toward markets and market forces. The market’s avarice and ravenous desire...

In all times of state dominance, the instability of the system gives rise to two types of reformers: the moderates who want to work within the system but end up defending it, and the...

The historian and economist Deirdre McCloskey often laments the power that pessimism and despair seems to have over us. In her review of Thomas Piketty’s doorstop-sized book on capitalism and inequality—oh, in that long-forgotten blissful past...

The Chinese regime is doubling down on its “zero covid” strategy. In recent weeks, new covid cases have been detected in several cities. In a world of the more contagious omicron variant, this is...

When assailing global governance, pundits rarely comment on its impact on small countries. Yet the degree to which small countries are ignored by global institutions—like the G7, the International Monetary Fund, and the World...

During a confirmation hearing with the US Senate this week, Fed chairman Jerome Powell was asked about whether or not a digital currency issued by a central bank could exist side by side with private...

Government imposes price controls largely in order to divert public attention from governmental inflation to the alleged evils of the free market. As we have seen, "Gresham's Law"—that an artificially overvalued money tends to...

Over the years observers of Turkish politics have become somewhat inured to erratic swings in policy coming out of Ankara. Particularly since the political reforms of 2017, his high degree of control over the...

Among those who support the end of government fiat money, it’s not uncommon to hear and see claims that gold is “the best money” or “natural money” or the only substance that’s really suited...