The fact that some Americans supported slavery in the eighteenth century is not at all remarkable. Most of the world agreed with them. What is remarkable is that many of them sought to abolish slavery in the new republic.
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Original Article: “No, the American Republic Was Not Founded on Slavery“.
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Weekly SNB Sight Deposits and Speculative Positions: SNB buying euros at high prices
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Update May 17 2021: SNB intervening. Sight Deposits have risen by +2.7 bn CHF, this means that the SNB is intervening and buying Euros and Dollars: The change is +2.7 bn. compared to last week.
Why the Marketplace Is Not a Zero-Sum Game
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Why Commies Hate Your Thanksgiving Dinner
2020-12-04
In 1923 Lenin released a propaganda pamphlet titled Down with the Private Kitchen. It explained how private dinners with one’s family are reactionary, bourgeois, and generally something requiring total destruction.
Ramon Ray’s Entrepreneurial Communities
2020-11-29
“Small business” is just a government classification. Entrepreneurial businesses serving well-defined communities via creative specialization exhibit enormous economic productivity, energy and dynamism.
Such businesses can not be defined quantitatively as small, medium or large. They’re defined by their qualitative impact on their customers’ lives.
A Drop in the Money Supply Was Not the Cause of the Great Depression
2020-11-22
In his writings, Milton Friedman blamed central bank policies for causing the Great Depression. According to Friedman, the Federal Reserve failed to pump enough reserves into the banking system to prevent a collapse in the money stock.1 The adjusted money supply (AMS), which stood at $26.6 billion in March 1930, had fallen to $20.5 billion by April 1933—a decline of 22.9 percent.
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