The Washington Post’s Latest (and Lamest) Attack on the Mises Institute (And liberty itself)

For the record I am deeply proud of The Mises Institute and all it stands for. It is the heart of libertarianism, standing up for what is right against forces that are much larger than it, with much larger budgets, and much more power.

This is me at the Mises Institute standing next to a bust of the brilliant (though not infallible) Murray Rothbard.

The Mises Institute is one of the leading lights of liberty and a standard bearer for the only successful libertarian revolution in history (to date),

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(ACC VIDEO) Continued Discussion: Over time we should move to have a 0% income tax rate. Also – Why some people so dislike this idea. What do YOU think?

See the comments for this video at our Facebook page.

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Bitcoin up sevenfold since Warren Buffett warned digital currency was a ‘mirage’

I am not one of the “Buffett has lost his edge” people. But people can make mistakes and even if Bitcoin crashed tomorrow this was a huge misread from the man in Omaha. Of course Bitcoin also directly challenges the banking system as we know it and banking “as we know it” has served Mr. Buffett very well. It’d be kind of a bummer (for Buffett, not us) if Bitcoin started really eating into Wells Fargo.

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Most Americans live paycheck to paycheck (For some $100K/year still means a struggle)

The Fed driven system of debt continues to grind the middle class under the wheel. Or are we ON the wheel? Feels like both for many.

We see a subtle inflation. (Better than the other kind of inflation but still insidious.) Groceries are a little more expensive. Health care (manipulated by government and crony companies) is a little more expensive. Cars are more expensive. Even houses, in many places,

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Yes, Bitcoin has no intrinsic value, but neither does a $1 bill

Of course some would counter that this is exactly the problem.

Personally I am all for cryptos and my thoughts on the subject are pretty in line with what Austrian economist Bob Murphy argues.

I believe that crypto currencies and the blockchain generally are a revolutionary technology that is only now getting rolling. I believe they are changing and will change the world for pretty much everyone. Of course anyone can be wrong. Paul Krugman once argued in the late 1990s that the Internet would have about as much impact as the fax machine.

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Yellen opposes the people auditing the Fed, says Federal Reserve officials need safe spaces to make decisions

Audit the Fed and then end it.

Yellen and the Fed bankers think they’ve weathered the storm. That the shamans of the “Temple” will be able to shuffle around in the shadows of the financial Vatican hidden from the view of the people they impact for another generation. They believe that they are above the public, and that the Fed’s actions, which impact the world dramatically, don’t need the kind of scrutiny one might expect in a free society.

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Ron Paul explains the Subprime mortgage crisis and predicts the dollar collapse (VIDEO)

If you REALLY want to understand what happened in 2008 read Meltdown by Tom Woods. It’s not a tome. Quick read and common sense.

Everyday people would be wise to understand the basics of what is called “Austrian Economics.” The Austrians, not the people who run the Fed, or bobble along on CNBC and Bloomberg were the ones who were right about The Crash we saw in 2008 (and the Great Depression for that matter).

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Fed official in effect says that competition and lower prices for consumers are bad for the economy and must be offset by Fed policy!

Yeah, I mean who wants lower prices and a higher standard of living anyway right? Screw that. We want higher prices and less for each dollar we earn. That’s much better.

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JIM ROGERS: The worst crash in our lifetime is coming, “Later this year or next.”

We still haven’t felt the full wrath of the ghost of 2008. There is still more to pay. Many of us of course already have paid dearly, but the banking system has not paid the way it must. Which means that WE, the non-bankers will pay again.

Keeping powder dry is always smart, if possible. It’s not for many Americans. Which makes any potential crash highly destabilizing. Then add in the current political risk in the USA.

Watch Puerto Rico.

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