Author Archives: radiofreemarket

My letter to Trains Magazine re: $10 billion in wasted capital

October 3, 2017   Trains Magazine P.O. Box 1612 Waukesa, WI 5317-1612   Re: “Time Is Up”, by Bob Johnston (October 2017 edition)   Dear Sirs: In response to Mr. Johnston’s article about the real impact, if any, of the … Continue reading

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Free the Arctic!

From the Sunday, August 27th New York Times: Russian Tanker Completes Arctic Passage Without Aid of Icebreakers A new Russian tanker with a reinforced hull has cut shipping time from Europe to Asia by thirty percent. One would think that such an … Continue reading

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The Real EU aim in Brexit Talks

From today’s Open Europe news summary: German MEP says EU wants to punish UK in Brexit talks Writing in The Times, German MEP Hans-Olaf Henkel argues that the European Parliament Brexit negotiator, Guy Verhofstadt, and the EU’s chief Brexit negotiator, … Continue reading

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Why Sound Money Does Not Need a Central Bank, Only the Rule of Law

The money that all nations use today is composed either of reserves created by a central bank and/or credit money created by banks via fractional reserve banking. In the first case, a central bank can create reserve money via open … Continue reading

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No Nation Can Harm Another Economically

My recent Mises Daily Article titled Two Common Objections to Unilateral Free Trade drew some criticism that I would like to answer.   Unilateral free trade rewards the country that adopts it   Several commented that my use of the … Continue reading

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Two Unfounded Objections to Unilateral Free Trade

  Recently I forwarded to my circle of friends what I considered to be a concise and accurate argument in favor of unilateral free trade. The author was Professor Don Boudreaux of George Mason University, writing in his daily blog … Continue reading

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The true reason for the EU’s call to beef up financial regulation

From today’s Open Europe news summary: European Commission considers beefing-up powers of pan-EU financial supervisors The Financial Times reports that the European Commission is considering plans to beef-up the powers of the three pan-EU financial supervisors, in a bid to … Continue reading

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End Banks’ Exemption from Normal Commercial Law

Mr. Burke asked me to respond to the article below about how banks engage in money creation. Like many such articles, the one by Mr. Werner seems almost designed to be confusing and obtuse. My short explanation attempts to inform … Continue reading

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A Sensible Economic and Foreign Policy: Part II

Part II:   A Sensible Foreign Policy: Mind Your Own Business and Set a Good Example   For the sake of peace and prosperity in the world, the US should take the true leadership role in proving to the world … Continue reading

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A Sensible Economic and Foreign Policy: Part I

A Sensible Economic Policy: Laissez Faire   The Misesean insight that all economics is based upon methodological individualism plus the no harm principle calls into question the raison d’ entre of the regulatory state, including legal tender laws; i.e., the … Continue reading

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