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Patrick Barron

Economics

Despite Their Hubris, Monetary Authorities Do Not Have Total Control

6th September 2022 Patrick Barron 3511 Comments

A new monetary age is coming and sooner than anyone thinks. Since 1971 the world’s monetary system has been unanchored from anything of intrinsic value. In the fall of that year President Nixon took the [more…]

18th Century

Mandatory Vaccines vs. Logic and Kantian Ethics

29th August 2022 Patrick Barron 1950 Comments

The case in favor of mandatory vaccines rests upon faulty logic and violates ethical principles. A vaccinated person protects himself to the extent of the vaccine’s capability, which may be close to one hundred percent, [more…]

Economics

Diversity, Equity, and Inclusion Goals Are Illogical and Harmful

24th August 2022 Patrick Barron 2056 Comments

Does society really need and can it benefit from goals designed to achieve statistical “Diversity, Equity, and Inclusion” metrics? The answer, of course, is “no” on both counts; i.e., society neither needs these goals and [more…]

20th Century

Sound Money Can Prevent What Representative Democracy Does Not

17th August 2022 Patrick Barron 3293 Comments

One of the arrogances of “Western” nations is that our way of life and our liberties are protected by periodic elections as required by constitutions, written (America) or not (Great Britain), containing bills of rights, [more…]

Business

An Opportunity for Real Change in Britain

8th August 2022 Patrick Barron 3072 Comments

In a few days the British Conservative Party will select a new prime minister from within its ranks. The new PM will have a short-lived opportunity to select new ministers. But more importantly, due to [more…]

Economics

Germany Can Save Itself, and Possibly the World, by Abandoning Four Failed Policies

25th July 2022 Patrick Barron 3507 Comments

Following is a plea to Germany–The war is over and has been for three-quarters of a century. It’s time to stop prostrating yourself for the supposed “good” of Europe. It’s time to take complete control [more…]

20th Century

The Fallacy of Calls for "A Manhattan Project" to Solve National Economic Challenges

21st July 2022 Patrick Barron 3145 Comments

The World War II project to build an atomic bomb is seen by many as a template for government action to solve what appear to be national economic problems beyond the scope of private enterprise. [more…]

Business

The Fed Cannot Go Bankrupt, and That is a Big Problem

4th July 2022 Patrick Barron 3051 Comments

A recent essay on Mises Wire triggered quite a bit of discussion among a group of Austrian school economists. Paul H. Kupiec and Alex J. Pollock’s Who Owns Federal Reserve Losses and How Will They [more…]

Economics

In Defense of the “Two Bank” Banking Reform Proposal

11th May 2022 Patrick Barron 3293 Comments

In his recent essay for Goldmoney.com, titled Building a Better Banking System, Alasdair Macleod agrees with the Austrian view that sound money would help prevent a looming “combined currency, asset, and banking crisis”, yet challenges [more…]

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