Quote of the Day

"As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them."

-John F. Kennedy 

Quote of the Day

"No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth!"                                                                                                                            
                                                                                     -Ronald Reagan

Auditing the Fed

Good evening, dear readers.  We are going to devote the next several articles to money, or more specifically, monetary policy.  We’re looking at the the history of money and its relation to policy; and we’re having a guest writer contribute a few articles.  For now, however, allow me to tantalize you with a brief critique of a recent issue surrounding the biggest government-sanctioned monopoly: the Federal Reserve.

Quote of the Day

"Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez-faire."


Ludwig von Mises