Central banking is almost entirely a phenomenon of the 20th century ... created as a means of financing the government.... If you say central banking is essential to a free market economy, I have to ask you about Hong Kong, which has no central bank at all.... Yet it does quite well in terms of economic growth and stability.
– Paul Volcker [1990]
HORNBERGER'S BLOG
April 14, 2025 America the Ugly
President Trump might have inadvertently come up with the perfect solution to America’s decades-old, ongoing, never-ending, perpetual immigration crisis. That solution entails making America so ugly that foreigners will longer want to come here. After all, that’s what North Korea did. Like the United States, North Korea militarized and sealed its southern border, established a police state, and isolated itself from the rest ...
Libertarian Angle: Trump's Tariff Turmoil by Jacob G. Hornberger and Richard M. Ebeling In this week’s Libertarian Angle, Jacob and Richard discuss the consequences of the tariff turmoil that President Trump has unleashed upon the world....
