We won't stop educating the future champions of freedom. We are in this together, “this” being nothing less than the battle to save Western civilization from the latest onslaught of socialist tyranny.

States can vastly expand their own power when they can print their own money. This is why virtually all governments have a central bank.

One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust.

First the Federal Reserve raises interest rates—and then it cuts them. The economy is “great,” but apparently needs constant adjustment. The Fed‘s strategy has been to lurch from one position to another, all the while telling the rest of us not to panic.