I. Warning against Fiduciary Media Early in the 20th century, Ludwig von Mises warned against the consequences of granting the government control over the money supply. Such a regime inevitably creates money through bank credit that is not backed by real savings—a type of money that Mises termed “fiduciary media.” In 1912, Mises wrote, It… Read More

Authored by Niall Ferguson via The Spectator, ‘To see what is in front of one’s nose needs a constant struggle,’ George Orwell famously observed. He was talking not about everyday life but about politics, where it is ‘quite easy for the part to be greater than the whole or for two objects to be in… Read More

Via AlMasdarNews.com, Iran’s military has published on social media a new video clip of the Iranian missile strike on the Ain Al-Assad base in western Iraq, where US forces are stationed. This attack, which took place on January 8th, 2020, was carried out by the Islamic Revolutionary Guard Corps (IRGC) on the US forces at… Read More