Year: 2021

[Originally published in American Affairs, April 1948.]

“Public money is like holy water. Every man helps himself.”

~ Italian proverb

As the hungry dollar devours its own purchasing power we may think we are going to find out what …

[Excerpt from Murray N. Rothbard, A History of Money and Banking in the United States: The Colonial Era to World War II (Auburn, AL: Mises Institute, 2005), part 4, pp. 400–24.]

By the end of 1925, Montagu Norman and the …

At the heart of the Christmas story rests some important lessons concerning free enterprise, government, and the role of wealth in society.

Let’s begin with one of the most famous phrases: “There’s no room at the inn.” This phrase is …