LMR – February 2015

For years we’ve been saying that Keynesianism has run its course because central bankers pushed nominal interest rates down to zero and still economies sputtered. Well, now nominal interest rates in major European countries—including Denmark, Sweden, Switzerland, and Germany—are actually negative.

Read More »

LMR – January 2015

We all certainly know what the problem is. Or at least, we all should know by now. Certainly nothing could be clearer to us than the stark realization that the strategy our leaders are advocating and implementing has helped no one except a small elite group of politicians, bureaucrats and bankers at the expense of everyone else. It is an age-old problem that has grown only worse with the passage of time.

Read More »

LMR – December 2014

Most of the goals we dared to dream about in 2014 came to fruition. For this one reason, this month has been one of reflection and celebration. We remember with gratitude each experience that has taken place over the course of this past year and the good that has come from it. All of the knowledge we have gained, the hard work that paid off, the comfort you have brought to us by being our close supporters— for all of this and more, we are grateful. It’s been a really great year.

Read More »

LMR – November 2014

A huge story that broke this month is the implosion of the fortunes of MIT economist Jonathan Gruber, who was a key designer of the Massachusetts health care legislation passed under Governor Mitt Romney (aka “RomneyCare”) and who played a major role in the computer modeling of the Affordable Care Act (aka “ObamaCare”).

Read More »

LMR – October 2014

Sometimes it may seem as if those of us preaching the doctrines of economic and political liberty suffer from a contradiction. If things are so bad, what’s the point of educating the public? If State officials are capable of the skullduggery that we document every month in these pages, how in the world will knowledge of Austrian economics make a difference?

Read More »

LMR – September 2014

What is it about hope that we should pay special mind to it in this LMR issue? Perhaps we should start with its common definition, which states that, “Hope is a feeling of expectation and desire for a certain thing to happen.” Other, more elaborate versions add that it contains an “optimistic attitude based on an expectation of positive outcomes related to events and circumstances in one’s life or the world at large.”

Read More »

LMR – August 2014

“A teacher is designated solely and exclusively by the student,” so said the great Leonard Read. !is statement has to be true in that no one can force a change in the beliefs of another. The best that can be done is to submit new and verifiable information with hopes that those who receive it will consider it. Consequently, the in$uence that we have on others in the area of disseminating knowledge is restricted.

Read More »

LMR – July 2014

Every quarter of the year millions of Americans open up their 401(k) or 403(b) qualified plan reports and receive a tremendous boost to their overall financial well being. There is a sense of growing wealth and prosperity that surges through the individual from merely looking at the rising numbers of this quarter compared to last. It is all because the rising numbers on the reports are tied to the stock market and these days it is soaring at an all time high.

Read More »

LMR – June 2014

The Great Deformation. Such is the title of David Stockman’s New York Times bestseller. Stockman explains his book’s purpose in the following way: “This book argues…that what is at hand is the “Great Deformation.” Free markets and prosperity are deeply imperiled because the state and its central banking branch have failed miserably due to overreaching, overloading, and outside capture.

Read More »

LMR – May 2014

What do we mean by the 10%? The ten percent is a purpose—an aim with great value. It is the tipping point to victory. It is a target that is not only specific, but its attainability can
be and has been measured scientifically.

Read More »