mumford-portrait

Are We Watching The Central Bank Era End?

Are they going to peg all the banks? Why, they could buy ground and build a new Mississippi cheaper. They are pegging Bulletin Tow-head now. It won’t do any good. If the river has got a mortgage on that island, it will foreclose, sure, pegs or no pegs. – Mark Twain quoting Uncle Mumford, Life on…

3 Points on the Pope’s Economics **Update**

Last week, Pope Francis all but denounced free market capitalism as a sin. Luckily, he wasn’t speaking from the Seat of Peter, but from his own misguided view of the world. Much of Francis’s statement gives important and honest direction to a world consumed with fame and money. The Pope is right in decrying systems in…

Government Planning Is Killing the Economy

Friedrich Hayek warned more than half a century ago that central planning doesn’t work. Here’s why: Central Planners (government) makes a plan The plan includes specific expectations The expectations are never, ever, realized A “crisis” ensues So the planners demand more control And create more plans Ad hoc Willy nilly Capriciously So you must wait for things…

Obama Shuts Down Another Small Business

200,000 That’s the number of small businesses lost during the Obama Administration. If re-elected, Obama promises to accelerate the policies that destroyed American jobs, investments, and companies. Voting isn’t enough. We need your help at 9966 Lin Ferry Drive, St. Louis, MO 63123. Pick you day to work the phones and get out the vote:…