Jp Cortez

Jp Cortez

Jp Cortez is a graduate of Auburn University, a current law school student, and a resident of Charlotte, North Carolina. He is a Mises University alumnus. He is the Assistant Director of the Sound Money Defense League, an organization which is working to bring back gold and silver as America's constitutional money.

Articles by Jp Cortez

Idaho House Votes Overwhelmingly to Remove Income Taxation from Gold & Silver

US States

Boise, Idaho (February 12, 2018) – The Idaho State House today overwhelmingly approved a bill which helps restore constitutional, sound money in the Gem State. State representatives voted 60-9 to pass House Bill 449 sending the measure introduced by House Majority Leader Mike Moyle and Senate Assistant Majority Leader Steve Vick to the Senate for a hearing in the Local Government and Taxation Committee.

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National Precious Metals Company Announces Sound Money Scholarship Winners

December 13, 2017 (Eagle, Idaho) — A national precious metals dealer has selected four outstanding students to receive tuition assistance from America’s first gold-backed scholarship fund. Beginning last year, Money Metals Exchange, a national precious metals dealer recently ranked “Best in the USA,” teamed up with the Sound Money Defense League and well known members of academia and freedom-minded non-profits to offer the first gold-backed scholarship of the modern era.

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Why Good Economics Matters Now More Than Ever

In a newsletter published in 1970, economist Murray Rothbard wrote, “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”

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Time to Hedge State Reserve Funds with Gold?

Financially prudent individuals set aside surplus funds to protect against unforeseen expenditures. This way, when faced with loss of income, house repairs, car trouble, or anything else, they will have a buffer against unanticipated downturns. In the same vein, almost every state in the United States has established a “savings account” for government operations.

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When Government Acts, “Unintended Consequences” Follow

frederic bastiat

In 1850, French economist Frédéric Bastiat published an essay that is misunderstood, or more often, unread, titled, “That Which is Seen, and That Which is Not Seen.” Bastiat brilliantly introduced the idea of opportunity cost and, through the parable of the broken window, illustrated the destructive effects of unintended consequences.

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Ending Taxation on Monetary Metals

taxes on money

Imagine if you asked a grocery clerk to break a $20 bill, and he charged you $1.40 in tax. Silly, right? After all, you were only exchanging one form of money for another. But try walking to a local precious metals dealer in more than 25 states and exchanging a $20 bill for an ounce of silver.

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Pension Funds Need Gold before It’s Too Late

savings-retirement

Tens of millions of Americans and their employers pour money into pension plans each month, counting on those funds to grow and to be there when needed at retirement. But a time bomb awaits. The bulk of U.S. pension funds are dangerously underfunded, and the assets are often invested in securities that have bleak prospects for providing income that keeps up with a general decline in purchasing power.

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We Should Take Our Cues From Markets – Not Politicians

Sheastadium Mets Board

I grew up a block away from the 7-train, where I’d take a short ride from the 90th Street station to the Willets Point–Shea Stadium station to watch my favorite team, the New York Mets. Sitting in the stands as a young child, I learned quickly that there were a number of ways to obtain and interpret information. I could watch the umpire and immediately have known whether Al Leiter threw a strike or a ball. Another option was to watch the scoreboard and, with some delay, have known whether Derek Bell safely stole second base.

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States Must Help Restore Sound Money in America

Control the money, and you control the people. Over the last hundred years, the federal government and the Federal Reserve, a privately owned bank cartel conceived of in secret, have waged a war on sound money in America. They’ve ended the free circulation of gold (and, for a time, criminalized its ownership), while imposing taxes on those who trade with it.

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