“While I heartily subscribe to your premise of pursuing one’s dream,” one reader, Donald J., wrote, “there are alternate perspectives worth considering.”[We’re listening… go on.]“Some wiseguy once said that life is what happens to you while you’re waiting for something better to come along. Milton put it a little more poetically in one of his […]
Want to self-publish a book? You can’t afford to miss out on this series. Chris Campbell promises to show you step-by-step how the most successful self-published books were made. From idea generation to holding the first copy in your hands, he leaves nothing out. In today’s episode you’ll learn how the most successful self-published book got to where it is today – and how you can use the same strategy to make your book a success too. Read on…
In an odd mix of fate, protesters and corporations are holding hands. They both have one common goal: save the Internet from the evil cable companies. We all have a common hate for them. But what if the cable companies aren’t as evil as once thought? What if there’s an even bigger evil lurking behind them? There is. Read on…
“Where were you when it happened?” How many times have we been asked -- and asked -- this question since 2001? Today, Chris Campbell asks us to pose a different question: What can I do today to making Sept. 11 another turning point in my life? And then, of course, taking that first step. Read on…
Want to get rich? Don’t listen to financial “gurus,” says Chris Campbell. In today’s Laissez Faire Today, Chris shares a Zen proverb and shows how understanding it is the only real way to get rich (and live a rich life). Read on…
Who can forget Robert Louis Stevenson’s Treasure Island? That map, marked with an “x,” is the stuff of high adventure. There is a modern-day equivalent of a treasure map, and it is just as coveted by those who seek reservoirs of oil and gas. It’s called seismic data. What are seismic data? In essence, they’re […]
Ben Franklin once said, “An ounce of prevention is worth a pound of cure.” In today’s Laissez Faire Today, you’ll learn about one FREE website that has the potential to not only keep your family safe – but also open your eyes to what’s happening in your own neighborhood. Chris Campbell has all the details. Read on…
All over the world, power is dying. The dictators and tyrants of the world are no longer able to wield it like they once used to. And they’re losing it to the “little guy.” Chris Campbell shows you how to be the king of your castle by taking advantage of this fact. Today, you’ll learn how to grab “power gaps” in the market and channel them into your product idea or project. Read on…
Chris Campbell got more than he bargained for during Sunday brunch. In a packed restaurant, he learned about a hidden sex boom that’s taking the world by storm. You won’t believe how much money ordinary Americans are making in this boom. It’s so much…you may even consider cashing in yourself.
Hundreds of pictures of nude celebrities were leaked onto the Internet last week. The mainstream is blaming twenty-something hackers, but according to Chris Campbell, everyone must’ve already forgotten what we learned about the NSA only a year ago. Read on…
This month’s director’s note is inspired by the great work being done by our talented friends over at The Daily Reckoning. In fact, we stripped it nearly word for word. We’re often asked what we do for a living and more importantly “why” we do it. This story explains it better than we ever could. […]
The fireflies along the tidal rivers of Malaysia show "feats of synchrony that occur spontaneously, almost as if nature has an eerie yearning for order." Chris Campbell tells you where else this might occur in the world. Also, new technology may revolutionize the agriculture industry and what we think of as a farm.
Jeff Davis is running for Governor in Hawaii and has an interesting campaign strategy. Also, what motivates hackers is revealed and the findings might surprise you. Finally, Ferguson is discussed in a new light. Chris Campbell has more...
When the government pumps trillions of dollars into the economy, they’re not actually printing the money. It enters as digital entries in banks across the country. It’s made the system fast, responsive, and, unfortunately, vulnerable. Now our money is no longer something we hold in our hands, but something that exists on a very susceptible network.
The so-called recovery is only built on debt and printed cash declares our own Byron King. In the long term, the only option for the government to continue financing it's operations is to print too many dollars. Money printing has it's limits, however. It's Byron's opinion that at some point, perhaps very soon, the government will have to turn to more desperate measures. Namely, capital controls. In the following featured essay, Byron outlines 4 probably ways the government will take your cash and one play you can buy through your broker to prepare today. Read on...
Mike Luckovich Editorial Cartoon used with the permission of Mike Luckovich and Creators Syndicate. All rights reserved.
Americans expatriate because they want to get out of the country. Corporations expatriate for similar reasons. Clem Chambers explains...
When’s the best time to invest in something? When everyone else is trying to get their money out of it. It might go against conventional thinking, but following the crowd usually makes you miss the real opportunities. At one monetary metal conference recently, the smartest guys in the industry sat down to discuss where these real hidden gems lay.
Say goodbye to your boring morning commute. New technologies are changing the way people drive their cars. It’s making them safer, more fuel efficient, and could reshape the way America builds its roads and cities. The only thing that could stand in the way...
In a 2009 article, the Huffington Post went into considerable detail about the number of people with PhD degrees in economics employed by the Board of Governors of the Federal Reserve System. This is the government’s branch of the Federal Reserve. It is not one of the 12 regional Federal Reserve banks, all of which […]
To get free, unlimited access to these books and 100s more, join the Laissez Faire Club! On The Duty of Civil Disobedience by Henry David Thoreau Release Date: Sept. 4, 2014 Henry David Thoreau, a well-known 19th-century American philosopher, was not kind to government. In this easy-to-read book, he argues that you should be a […]
Greetings from Maine! Right now, I’m writing from within foghorn distance of the sea. And this gives me an opportunity to tell you a down east tale that should serve as a warning to every investor: Maine’s Great Gold Swindle.I’m not talking about central banks, or manipulation of today’s markets. I’m talking about something from […]
The U.S. dollar is the dominant global reserve currency. All markets, including stocks, bonds, commodities, and foreign exchange are affected by the value of the dollar.The value of the dollar, in effect, its “price” is determined by interest rates. When the Federal Reserve manipulates interest rates, it is manipulating, and therefore distorting, every market in […]
When the NSA surveillance news broke last year it sent shockwaves through CERN, the particle physics laboratory in Switzerland. Andy Yen, a PhD student, took to the Young at CERN Facebook group with a simple message: “I am very concerned about the privacy issue, and I was wondering what I could do about it.”There was […]
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance or the get-rich-quick adventurer. They will die poor.– Jesse Livermore, How to Trade in StocksThe trouble with capitalism’s guardians is that they have no […]
The technical details of Bitcoin can be quite confusing for the novice. But this shouldn’t stop you from getting involved in this great money revolution. You can be up and running quite easily without having to understand all the jargon (see the Laissez Faire Bitcoin Bible to find out how to do this). But taking […]
Let’s head back in time…In 2004, a mere decade ago, the US national debt rang the register at $7.4 trillion. That represents “debt per citizen” of over $25,000. You, me, your neighbor, your 4-yr old grandson, you name it and they’re portion of the U.S. debt is $25k.But flash forward to today and you’ll see […]
John Foust, a Democrat running for the 10th congressional seat in Northern Virginia, is — like Gov. Terry McAuliffe and other state Democrats — gung-ho to expand Medicaid. His wife’s position is, shall we say, a bit more nuanced.Foust has slammed his opponent, Republican Del. Barbara Comstock, for her opposition to expansion. He has spoken […]
The midterm election season is upon us, and it’s a tossup whether the Republicans will win the Senate, or if President Obama, seemingly oblivious as conflict flares up around the world, will, through his continuous campaigning, keep Harry Reid in his majority leader seat.The only thing we know for sure is that sociopaths will be […]
Alexander Hamilton was America’s first Secretary of Treasury under President George Washington. When he first entered office in 1789, America was an agricultural nation of just 4 million still broke from its financially costly victory over the British Empire in the Revolutionary War.The states had accumulated relatively massive debts to finance that war, which mostly […]
As we approach the Obamacare open enrollment period for 2015, which begins on Nov. 15 (only 11 days after the midterm elections), I strongly maintain my position that you should “opt out.” I’m referring, of course, to enrollment in the federal and state insurance exchanges as mandated under the Affordable Care Act. You don’t have […]
Remember that correction we’ve been quietly talking about over the past couple of months?Well, it might be right around the corner. Stocks waited until the last day of the month to nose-dive. The S&P 500 posted its first 2% down day since April — and the Dow wasn’t far behind. Early this morning, futures continue […]
I was talking with one of my colleagues the other day, and he raised a very interesting question, one that deserves consideration by anyone worried about their digital privacy. He read an article that championed the idea that the more steps one took to protect their privacy by using anonymous Web-browsing tools like Tor, the […]
Liberty is the right course, but what has the political class done to bring us more, rather than less? Every day, in every way, the political class is pushing more control, more empire, more impositions, more gouging and looting. It’s clockwork, and fully expected. To list them all, especially concerning the advances of the police state since Sept. 11, would result in the world’s longest book (it has a name: the U.S. Code).
Doug French and I were trying to think of great exceptions to the rule, times when there was a top-top change for the better. We were looking for politically driven events in the last half-century that have brought us a net increase in American liberty. It’s an interesting thought experiment. Here is a list we came up with, in chronological order.
- Across-the-board tax cuts (1964)
- Thawing of relations with China (1972)
- Pullout from Vietnam (1973)
- End of the draft (1973)
- Private ownership of gold legalized (1974)
- Airline deregulation (1978)
- Appointment of tight-money Paul Volcker to the Fed (1979)
- Oil price decontrol (1979)
- Trucking deregulation (1980)
- Marines pulled from Lebanon (1984)
- End of federal speed limit (1995)
- Privatization of the Internet (1995)
- Welfare reform (1996).
And that’s about all. It’s a pretty skimpy list, and we had to dig pretty deep to come up with it at all. Maybe we left something out.
Some might quickly point to the tax cuts from Reagan’s first term, but people often forget that those were completely swamped by the increase in the payroll tax two years later. Also, some of these good changes were inadvertent. The government would never have privatized the Internet if the political class had known the results in advance!
To be sure, the world has a whole has become a vastly better place in the same period of time. In the last decade, global poverty has plummeted. Crime is down. Total states have collapsed. Trade has exploded. The essentials of life are more available than ever and at ever lower prices. The digital revolution is the greatest single technological advance in the history of the human race. We are more networked than ever before.
But here’s the thing to note about all this progress. None of it came from the top down. It came from the bottom up, from entrepreneurs and businesses and those much-hated corporations. It came from the private sector and the spontaneous actions of individuals working without approval or mandate from the central plan.
In today’s article, Isaac Morehouse of the Institute for Humane Studies runs with this theme and discusses its implications for your future. It is a brilliantly optimistic look at what lies ahead. But note that the progress does not depend on political outcomes. It depends on the ability of technology and markets — which is to say, the actions of people themselves — to outwit and outrun the planners.