Value and Exchange

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How to Ruin an Economy in One Easy Step

Capital and Interest TheoryMoney and BankingValue and Exchange


Chris McGreal reports from Harare:

Zimbabweans are shopping like there's no tomorrow. With police patrolling the aisles of Harare's electrical shops to enforce massive government-ordered price cuts, the...
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We Can Learn From Our Fathers

Value and Exchange



Ted Roberts

2101 Aftonbrae Dr. SE

Huntsville, AL 35803


TV hosts with remodeled faces, economists who believe in interest rate manipulation, corporate execs who cook the books for lunch, even CEOs who eat free at the executive buffet — use the expression, "...

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Plug that Nickel!

Money and BanksInterventionismMonetary TheoryValue and Exchange


In a neat admission that his bosses are rotting the money in our pockets, Chicago Fed economist Francois Velde has come up with a bright idea: debase the nickel by a factor of five!

"The problem [of the...

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US Edges Perilously Closer to World Economy

Monetary TheoryValue and Exchange


It seems a certain pizza chain in the American Southwest currently accepts Mexican pesos as well as dollars for their pies. This business practice resembles that not only of international airports all over the...

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"Buy American" Ignorance

Production TheoryValue and Exchange


This excerpt from an article on Americans abandoning U.S. automakers provides an idea of just how ignorant one would have to be to believe that "buying American" makes any sense:

Justin Watson, a 25-year...
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The Great Can Opener Gap

Capital and Interest TheoryPhilosophy and MethodologyValue and Exchange


I'm sick of our economic whiners and their tear-stained statistics. "Ten Million American children go to bed hungry every night." Baloney, thick sliced and ready for your intellectual palate! Who believes such falsification? Were it true, fifty million Americans, given the generosity of...

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There will be no private coinage

Money and BanksValue and Exchange


N.J. Hoffer sent in this incredibly fascinating story of a Fed crackdown on a group called NORFED that markets the Liberty Dollar. Now, I've never been much for these attempts to create an alternative money. They seem to...

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Liberty and Charity

Philosophy and MethodologyValue and Exchange


Those who wish to use government power to redistribute income in directions they choose (almost everyone, today) must abuse others' rights, because, as Thomas Jefferson put it, "To take from spare to to violate arbitrarily the first principle of association--the guarantee to...

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How Government Budget Deficits Reduce Wages and Raise Profits

Calculation and KnowledgeMonetary TheoryProduction TheoryValue and Exchange


In recent years there have been growing complaints over slow growth in wages compared to profits. Those who make the complaints usually offer little in the way of explanation. Here is a part of the explanation: growing government budget deficits.

Government budget deficits are financed...

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Interventions are always losers

Calculation and KnowledgeInterventionismPolitical TheoryValue and Exchange


One truism has never been successfully challenged: Government interventions lead to a less efficient, less well-ordered society.

In his important book, Basic Principles of Economic Value, Eugen von Böhm...

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