LRC Blog

A “Great Thinker” at Work

Mr. Milei fancies himself to be a great monetary theorist in the Austrian tradition. To illustrate his unrivalled brilliance here are two revealing exhibits.

The first exhibit concerns the consequences of the closure of the central bank that Milei has claimed, already before his election, to be a non-negotiable demand of his. This is certainly an interesting question worthy of careful analysis. Kristoffer Hansen, for instance, has provided such an analysis from an Austrian perspective. And here is Milei’s answer, then, provided before, and again at a recent major conference in Madrid as to why he hasn’t done so already: If you were to shut down the central bank, and no more pesos were printed, then the result would be hyperinflation! Huh? No more pesos being printed leads to hyperinflation. How in the world is that possible? Great mind this Milei. Yet if you doubt this conclusion he calls you an “imbecile.”

The second exhibit  concerns the status of fiat currency. For Milei, the paper peso issued by the central bank represents government debt. And yet, if you were to present your paper pesos at the central bank and were to ask that it repay its debt, what would be its answer? Most likely the bank would declare you a nut, and offer you a new peso bill for your old one. And that would be it. Yet if you do not agree with Milei on fiat money being debt, he calls you an “idiot.”

Quoting Hansen, then, “Milei is no Austrian, and that he resorted to name-calling and quack theories in response to Hoppe’s calm critique suggests that he is not much of an economist either.”

1:38 pm on June 12, 2025

Will The Ceasefire Hold?

Seemingly before either side agreed, President Trump announced a ceasefire between Iran and Israel. In several social media posts it appears the President is convinced the ceasefire will hold and that the two countries will never shoot at each other again. Is he correct?

12:08 pm on June 24, 2025

Select Background Resources on Israel and the Middle East

Select Background Resources on Israel and the Middle East

The study of the construction of pseudo-secular gnostic religions has been one of the principal obsessions of my life since I first heard Gerhart Niemeyer of Notre Dame lecture on it in 1975 at the Intercollegiate Studies Institute’s Western Summer School at Thomas Aquinas College.

Niemeyer was a keen student of world-renown philosopher Eric Voegelin on these matters, as was Murray Rothbard. I believe understanding this 2000 year battle between orthodox Roman Catholic Christianity and Gnosticism is the ultimate key to unlocking the history of the previous two millennia.

Within the convoluted matrix of this arcane historical wilderness is the search for the ancient origin stories of peoples such as the “Aryans,” “Palestinians” and “the Jews.” Much of this “history” or pseudo-history is very controversial yet intriguing and concerns the ideological roots/origins of Marxism, Fascism, Zionism, National Socialism, Anti-Semitism, Christian Zionism, Palestinian nationalism, Arab Nationalism, and Ba’athism, which continue to impact the geopolitics of the Middle East today.

The Jewish State: An Attempt at a Modern Solution of the Jewish Question — Book by Theodor Herzl

The Invention of the Jewish People — Book by Shlomo Sand;

Khazars -Wikipedia

Chazars — The Jewish Encyclopedia

The Thirteenth Tribe: The Khazar Empire and its Heritage, Book by Arthur Koestler

A Peace to End All Peace: The Fall of the Ottoman Empire and the Creation of the Modern Middle East — Book by David Fromkin;

Israel – Birth of a Nation — Documentary

Modern Middle East History in Ten Minutes: Origins of Israel – Palestinian Conflict — Documentary

Alison Weir, Against Our Better Judgment: The Hidden History of How the U.S. Was Used To Create Israel;

Ralph Schoenman, The Hidden History of Zionism;

Alfred M. Lilienthal, The Zionist Connection II: What Price Peace?;

Edwin Black, The Transfer Agreement — 25th Anniversary Edition: The Dramatic Story of the Pact Between the Third Reich and Jewish Palestine;

Saddam and Third Reich –– Documentary (10 parts)

Lenni Brenner, Zionism in the Age of the Dictators;

Lenni Brenner, The Iron Wall: Zionist Revisionism from Jabotinsky to Shamir;

Lenni Brenner, 51 Documents: Zionist Collaboration With the Nazis;

“Ancient History”: U.S. Conduct in the Middle East Since World War II and the Folly of Intervention — Sheldon L. Richman article

and John Loftus and Mark Aarons, The Secret War Against the Jews: How Western Espionage Betrayed the Jewish People.

3:43 pm on June 23, 2025

Trump’s War

2:56 pm on June 23, 2025

Trump’s War

Just months into his second term, “Peace President” Donald Trump has launched missiles into an Iran that has neither attacked nor threatened to attack the United States. And he has done so with virtually no input from the US Congress. What comes next? Former US diplomat and senior US Senate foreign policy analyst Jim Jatras joins today’s Liberty Report.

12:09 pm on June 23, 2025

Mike Benz – The Most Prescient Video of All-Time: We Are Living Through the Exact Plot of Top Gun: Maverick

I uploaded this video to X just 2 hours before Trump announced they had just bombed the Fordrow nuclear enrichment facility in Iran

btw yes I realized halfway thru recording this that Top Gun used fighter jets to deliver the bomb rather than stealth bombers but it felt kinda silly to re-record everything at that point… according to the plot the whole point of using the planes they did was to bomb the target stealthily, so… kinda still a stealth bomber if ya think about it…

9:34 am on June 23, 2025

William Jefferson Netanyahoo ?

In 1998 Bill Clinton ordered the bombing of an aspirin factory in Susan that he lied about calling it a terrorist training camp. He was in the middle of his grand jury testimony regarding the Monica Lewinsky affair. The whole world now knows that he lied.

Last week Netanyahoo went on trial in his corruption and bribery case that is reported to last for about a year. Wag the Dog 2.0?

9:00 am on June 23, 2025

VivaBarnesLaw.Locals.Com – Has Trump Destroyed the MAGA Coalition?

Wisdom of the Day: “But America goes not abroad, in search of monsters to destroy…. America well knows that by once enlisting under other banners than her own, were they even the banners of foreign Independence, she would involve herself beyond the power of extrication, in all the wars of interest and intrigue, of individual avarice, envy, and ambition, which assume the colors and usurp the standard of freedom. The fundamental maxims of her policy would insensibly change from liberty to force. The frontlet upon her brow would no longer beam with the ineffable splendor of Freedom and Independence; but in its stead would soon be substituted an Imperial Diadem, flashing in false and tarnished lustre the murky radiance of dominion and power. She might become the dictatress of the world. She would be no longer the ruler of her own spirit.” John Quincy Adams.

Founding Fathers Favored Non-Intervention

  • Long before Ike’s military industrial complex speech in 1961, Washington warned us with the very first Farewell Address.
  • When the wolves of war howled for blood, Washington refused, with the unanimous assent of the brightest lights amongst our founders in the first and foremost declaration of American foreign policy: the Neutrality Proclamation. The American public, after robust public debate, agreed and Congress codified it into law. George Washington’s 1796 farewell address established it as the foundation of American foreign policy from our founding, warning against the “foreign alliances, attachments and intrigues” that inevitably “embitter.”
  • Indeed, “the jealousy of a free people out to be constantly awake, since history and experience prove that foreign influence is one of the most baneful foes of republican government.” Hence, “nothing is more essential than that permanent, inveterate antipathies against particular nations and passionate attachments for others should be excluded…The nation which indulges toward another an habitual hatred, or an habitual fondness, is in some degree a slave.”
  • Washington explained how undue foreign allegiances and attachments undermine American liberty: “Sympathy for the favorite nation, facilitating the illusion of an imaginary common interest in cases where no real common interest exists and infusing into one the enmities of the other, betrays the former into a participation in the quarrels and wars of the latter, without adequate inducement or justification…As avenues to foreign influence in innumerable ways, such attachments are particularly alarming to the truly enlightened and independent patriot.” Thus, Washington warned us to “avoid the necessity of those overgrown military establishments, which under any form of government are inauspicious to liberty, and which are to be regarded as particularly hostile to republican liberty.”
  • Thereafter, Washington declared the foreign policy of our Founding Fathers: “The great rule of conduct for us in regard to foreign nations is, in extending our commercial relations, to have with them as little political connection as possible.”
  • Washington was right. Unless and until directly attacked, or imminent risk thereof, let’s leave foreign wars to foreign nations.

6:54 pm on June 22, 2025

That Was Quick: Now Trump Calls for Regime Change in Iran

Boots on the ground? Nah, never! Oh…never mind.

6:42 pm on June 22, 2025

The Empire Wages War on Iran

The United States and Israel have launched a brutal and unprovoked war against Iran. The United States tricked Iran by engaging Iran in negotiations over Iran’s nuclear energy program for civilian purposes in order to lower Iran’s guard against an attack. So far, the United States and Israel have murdered Iranian scientists, government officials, military officers, and civilians in the massive bombing campaign that Israel is carrying out with support from the United States.

Since the early 1990s, Israeli Prime Minister and de-facto United States President Benjamin Netanyahu has stated that Iran is on the verge of obtaining a nuclear weapon. There is no credible evidence to back the allegations that Iran, which is a signatory of the The Treaty on the Non-Proliferation of Nuclear Weapons (NPT), has ever sought nuclear weapons. Instead, Iran has a civilian nuclear program for energy purposes. Furthermore, Iran’s leader, Ali Khamenei, has issued a religious decree against the acquisition, development, and use of nuclear weapons on religious grounds.

On the other hand, the United States dropped two atomic weapons on civilian populations in Japan in 1945 and possesses thousands of nuclear weapons. Israel with the assistance of the United States has about 100 nuclear weapons and refuses to sign the NPT.

Yesterday, Israel’s puppet Donald Trump directly attacked Iranian nuclear sites in violation of domestic and international law. How is waging war on Iran on behalf of Israel putting “America first?” We should remember that the “America first” movement recognized that World War I was a catastrophe of epic proportions that was waged for the benefit of big government and big business.  The “America first” movement wanted to avoid the mistake of involvement in another catastrophic World War.

We are being neo-conned again into another illegal war of aggression based on lies. It is time to demand the immediate removal from office of the treasonous Netanyahu/Trump administration.

Congresswoman Alexandria Ocasio-Cortez correctly stated, “The President’s disastrous decision to bomb Iran without authorization is a grave violation of the Constitution and Congressional War Powers. He has impulsively risked launching a war that may ensnare us for generations. It is absolutely and clearly grounds for impeachment.”

 

5:13 pm on June 22, 2025

Our Gracious Emperor

Trump lies, cheats, manipulates at home and abroad, and violates domestic and international law, because he can.  He surrounds himself with lackeys, and he stands for America First as a unipolar power, not for putting America, or Americans first.  He gets to decide all, because he is the glorious commander, the anointed emperor.  How kind and thoughtful of him to spend a good part of his announcement last night to thanking Bibi Netanyahu, and thanking Israel for its role in an unprovoked attack, its “helpful” intelligence, and its unholy level of suffering, less than 1% of what we and Israel have ensured, paid for, and delivered to 2 million Gazans recently.  As Gazans starve, the emperor bows to his tiny alliance, gracious and generous in his otherwise nervous-looking address to the nation.  He may know, or maybe he has no idea, that the battle to preserve and extend the American empire is already lost.

10:45 am on June 22, 2025

Trump Starts Another Forever War

After promising to end forever wars, Trump starts a new one by bombing Iran.

7:48 am on June 22, 2025

Et Tu, Tulsi?

Say it isn’t so. But who can be surprised? Did she ever renounce her endorsement of Biden?

10:59 pm on June 20, 2025

U.S. “Special Forces” Get Ready to Deploy

9:20 am on June 20, 2025

Where Most Members of Congress Ought to Be

In prison with former senator Bob Menendez.

6:42 pm on June 19, 2025

Michelle Obama Glad She Did Not Have a Son

“I’m so glad I didn’t have a boy,” said Michelle Obama, “Because he would’ve been a Barack Obama.” We are glad with you, Michelle, we are so glad. And thank God that George W. Bush did not have a son either. 

6:36 pm on June 19, 2025

Colonel Douglas Macgregor: Israel in “Serious Trouble” in its War Against Iran

The ghosts of Spring 2003 and onward loom. First, Shock and Awe. Then invasion. Then none of the predicted WMD found. Then wave after wave of IEDs blowing U.S. servicemen to bits. Three things that are certain in life: death, taxes, and Boobus Americanus never learning from the past.

4:11 pm on June 19, 2025

Stupid Republican Senator

Sen. Josh Hawley (R-MO) has introduced a bill to more than double the federal minimum wage. Only eight states follow the federal minimum.

1:15 pm on June 19, 2025

Will Trump Pull The Trigger?

12:35 pm on June 19, 2025

Hey Soldiers

If you go the the Middle East and fight for Trump, the neocons, and Netanyahu, then those are the only people that you will be fighting for. You will not be fighting for truth, justice, and the American way. You will not be fighting for the American people. You will not be fighting to defend and protect the Constitution. You will not be fighting for our freedoms. You will not be fighting to defend America. If you die, then you will die in vain and for the lie that Iran was a threat to America, that Iran was a threat to Israel, and that Iran was close to getting a nuke. You will not die a hero, but a sucker and a pawn. 

7:26 pm on June 18, 2025

Americans OVERWHELMINGLY Oppose War With Iran – New Poll!

12:44 pm on June 18, 2025

Trump Throws Tulsi Under The Bus For ‘Regime Change’ War On Iran

12:36 pm on June 17, 2025

The ‘Peace’ President?

12:40 pm on June 16, 2025

Re: A Bar Stool Rebuttal to Robert Barnes, By Ira Katz

My wonderfully insightful colleague Ira Katz has written an excellent piece that expresses many perceptive concerns and observations I have noted and shared over the past several months. Please carefully read it in a spirit of recognition and respect that the subject he addresses is an important one.

There are wise and sagacious persons such as populist Robert Barnes who both Katz and I highly esteem on many crucial issues relating to geopolitical and economic public policy, who we believe have very different and often mistaken understandings of libertarianism, Austrian economics (particularly relating international trade/tariffs, Fed creation of monetary inflation, Eurodollars, and deficits), who view the Mises Institute, and persons such as Ron Paul, Rand Paul, Thomas Massie, Peter Schiff, and Murray N. Rothbard in a very different light.

10:16 am on June 16, 2025

Trump’s Military Parade

I will not be watching Trump’s military parade tonight. I have seen it before–in the USSR and North Korea.

5:41 pm on June 14, 2025

America’s Untold Stories – CIA Releases More RFK Files & National Guard Showdown

Join Mark Groubert & Eric Hunley this Free‑form Friday as America’s Untold Stories dives deep into explosive new revelations and political flashpoints:

First, we unpack the CIA’s newly released RFK assassination files—what do they really mean? We also break down the surprising role of RFK Sr. as a CIA informant. In a dramatic legal standoff, Judge Breyer orders Trump to relinquish California Guard control—but an appeals court says otherwise.

Plus, we examine covert Mossad operations in Iran, the controversial shutdown of trans care at Children’s Hospital LA, an AI-powered NBA ad moment, and the hidden complexities of OpenAI’s legal defense—deleted chat logs and all.

Expect raw insights, probing analysis, and the unexpected angles behind the headlines. Tune in and uncover the untold.

Episode Highlights

1. CIA drops over 1,000 pages tied to the RFK assassination, including the chilling “Kennedy must fall” notation. What new insights emerge?

2. Declassified docs reveal that RFK Sr. acted as a CIA “voluntary informant”—what does this tell us about family legacy?

3. Judge Breyer orders Trump to return California’s National Guard control, but an appeals court blocks the order—what’s next?

4. Israel’s Mossad infiltrated Iran with secret drones and “smuggled missiles”—covering covert intelligence action.

5. Children’s Hospital L.A. ends transgender care amid political pressure—context and implications.

6. AI Ad of the Finals: Kalshi debuts AI-assisted advertising during NBA Finals with Google’s Veo 3 tech.

7. OpenAI lawsuit twist: The company stores deleted ChatGPT conversations in NYT litigation context. *****************************************

Join us November 21st–23rd, 2025 in Dallas at JFK Lancer Conference (or Virtually) Tickets now available at https://assassinationconference.com/

Virtual tickets start at $75.99 In-person tickets start at $149.99 Discount Code: Use UNTOLD10 at checkout for 10% off *****************************************

4:36 pm on June 13, 2025

Little Marco is a Liar

He said this (https://x.com/SecRubio/status/1933329943003623446), but:

  1. Israel’s strike was not unilateral (yet US taxpayers paid for the planes, the bombs, and provided live recon and coordination via RC-135s).
  2. We do not protect US citizens first — in fact, our troops in the region are red lines and marking targets, our military puts Israel first.
  3. Nuclear armed Israel does not believe attacking Iran and assassinating Iranians every year is for its “defense” but rather it is Israeli policy, to maintain and grow greater Israel.
  4. Trump has not taken all necessary steps to protect our forces, instead he has made new targets of them — bring the troops home!
  5. Iran has every reason to attack and retaliate against US forces, people and interests.  The US makes the psychopathy of Israel possible.  

Marco Rubio, like the state he stands for — Israel — is a lying warmongering embarrassment.

8:43 am on June 13, 2025

Hush Hush Before Hush Hush: Robert Barnes Exposing Robert Mueller

Not only is Robert Barnes a master litigator and top-notch attorney but one of the most in depth, articulate, well read and street-smart experienced political analysts in the nation. Whether it involves the institutionalized criminal machine cartels of the Democrats and Republicans or the deep state, he is a true polymath reminiscent of Murray N. Rothbard in his power elite analysis of Realpolitik.

At VivaBarnesLaw.Locals.com Robert Barnes hosts a wonderful series of video podcasts, Hush Hush (drawing its title from reference to Danny DeVito’s character Sid Hudgens’ investigative/gossip rag in the neo-noir classic film, L.A. Confidential ), where he masterfully delves into and elucidates upon a wide range of fascinating mysteries/conspiracies from beyond the mainstream gatekeeper perspective of establishment court history or the regime media.

7:10 pm on June 12, 2025

Americans In A Vice: The Left Puts Illegals First … The Right Puts Israel First

12:38 pm on June 12, 2025

That Was Then, This Is . . .

 

12:08 am on June 12, 2025