LMR – August 2012

The system whereby the government undertakes protecting the health and well being of its citizens, especially those in financial or social need, by means of grants, pensions, and other benefits is the welfare state. Here in the United States, the New Deal programs of President Franklin D. Roosevelt laid the foundations for the modern welfare state we have today. At present there are 100 million Americans receiving some form of government aid—aid that must be paid for by the producers in society.

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LMR – July 2012

Rembrandt’s famous painting, The Prodigal Son, graces the front cover of this month’s issue of the LMR. This ancient story involves the wayward son, who upon demanding and receiving his father’s inheritance, squanders it all in riotous living. When the money runs out the prodigal son comes to his senses. Humiliated, broke and starving he repents and returns home to his father’s arms and is lovingly forgiven.

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LMR – June 2012

It is pointless to wax eloquent on the subject of liberty and what it means to be free if we don’t first comprehend man’s true nature and the natural world in which he exists. Like the world around us, man is defective. No matter what institution man becomes a part of, whether it be government, the church, or marriage, he taints it with this broken aspect of himself.

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LMR – May 2012

We are not the first to wonder why it is that individuals with intense opinions about society generally fall into one of two camps. There are those that are inclined toward liberty—freedom to live his or her life in any peaceful way. And there are those who are inclined to rule—allowing others to live their lives only as another authorizes. Once angled to either one or the other of these directions it is rare to see them alter their course, they remain this way for life.

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LMR – April 2012

One of the most remarkable attributes of wealth is that it is unequally distributed. This is a fact of life for all countries and all inhabitants of the earth. It is the way the world is. Even the materials for producing wealth are unevenly distributed, not only on the surface of the earth, but also in the soil underneath it. Some parts of the world are frigid cold while others are blazing hot making it impossible in either of these terrains to grow food that will sustain life.

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LMR – March 2012

The Sound Money Solution, when examined thoroughly, presents the best case for reversing the destructive path we are following as a nation. When we stop to consider step one of this three-step plan, there is the undeniable reality that linking the dollar back to gold will bring inflation to a screeching halt.

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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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