LMR – February 2012

Sound money advocates wonder if there is any gold inside Fort Knox or in the underground vault of the New York Federal Reserve. If the records are accurate, the United States Bullion Depository alone holds some 2.5% of all the gold ever refined throughout human history—a testament to the lasting power of gold. Although monetary officials continually play down gold’s importance and value, our human intuition counsels us differently. Gold is, and always has been, real money.

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LMR – January 2012

In his book, Human Action, Mises explains how the interventionist policies that have been practiced for decades by all governments of the capitalistic West have brought about all of those effects that economists have predicted. There have been wars and civil wars, ruthless oppression of the masses by clusters of self-appointed dictators, economic depressions, mass unemployment, capital consumption, and famines. However, it is not these catastrophic events that have led to the crisis of interventionism, but rather that the interventionists and their followers explain that all these undesirable consequences are the unavoidable features of capitalism.

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