Trump Rages at the Fed Over Interest Rates

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President Donald Trump is not happy with Federal Reserve Chair Jerome Powell. Airing his grievances over the weekend on Truth Social, the president complained that interest rates have not been lowered recently and accused the Fed, led by Powell, of lowering interest rates before the election “in order to help” Kamala Harris “get elected.” In the financial community, it’s kind of an open secret that the Fed was politically motivated to ease monetary policy. Christopher Waller, a member […]

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The Non-Aggression Principle Is Realistic and Not an Abstract Concept

The Non-Aggression Principle Is Realistic and Not an Abstract Concept

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In his book the Ethics of Liberty, Murray Rothbard sets out the links between individual liberty, property rights, and the non-aggression principle. Rothbard’s explanation of property rights as the essence of liberty has greatly influenced the libertarian understanding of the NAP, but there is often a great deal of confusion as to what amounts to an act of aggression. As David Gordon has pointed out, some libertarians have gone so far as to say that the NAP should be rejected […]

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Stupor Mundi

Stupor Mundi

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President Donald Trump wants to be a modern ‘Stupor Mundi or wonder of the world. The last ‘stupor mundi’ was the celebrated German Holy Roman Emperor and crusader, Federick II, known as ‘Barbarossa.’ It appears that President Trump seems determined to become the most important and commented upon person on earth. So far, he has succeeded brilliantly. So far, that is. As of this writing, Trump’s tariff crusade has become a debacle, making him and the United States […]

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Seven Reasons Why Brass Knuckles Should Not Be Banned

Seven Reasons Why Brass Knuckles Should Not Be Banned

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Brass knuckles, which can be made of any material, metal or not, are worn around the knuckles of the hand to increase the force and damage of a punch. Although they are not illegal on the federal level in the United States, they are illegal in about 20 states and in many foreign countries—but not in “Red” China. A 1931 law in Michigan, MCL 750.224(1)(d), imposes severe penalties, including a possible prison sentence, for possession of brass knuckles. […]

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