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In light of all the recent hoopla of Executive overreach, its important to know the broader agenda of the socialist mindset–it is much more than simply “economics.” As Hayek says in The Fatal Conceit (p. 67) So, priding itself on having built its world as if it had designed it, and blaming itself for not […]
May 16, 2014 by Jeff Haymond
Whoever thought Bereansatthegate would feature a quote for the day from Lord Keynes? Yet here we are: Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth […]
May 7, 2014 by Jeff Haymond
Allan Meltzer is perhaps the greatest living monetary economist; his A History of the Federal Reserve, is the definitive standard on the Fed. He was a contemporary of Milton Friedman, and a noted monetarist scholar in his own right. Discussing the Fed today, he ventures slightly off course: Broadly speaking, the Obama administration has pursued […]
April 14, 2014 by Jeff Haymond
Legislation, the deliberate making of law, has justly been described as among all inventions of man the one fraught with the gravest consequences, more far-reaching in its effects even than fire and gun-powder. Unlike law itself, which has never been ‘invented’ in the same sense, the invention of legislation came relatively late in the history […]
December 29, 2013 by Jeff Haymond
It is not merely a fallacy, therefore, but a sham humanitarianism, and a cruel deception, always to insist on wage-rate increases whether or not conditions justify them, and always to resist wage-rate reductions whether or not conditions require them. From Hazlitt’s fantastic dissection of the whole system of Keynesian fallacies, in The Failure of the […]
December 20, 2013 by Jeff Haymond
It is not so much the asceticism of biblical teaching, as its call to creativity and inventiveness, that accounts for the dynamism of Jewish and Christian civilization, including economic dynamism. While some aspects of asceticism are certainly helpful for a culture, such as the idea of deferred gratification, what really makes civilization thrive is when […]
“Republicans shut American down. Vote them out!” This quote was seen in the window of the Democratic office of the Greene County, Ohio Democratic Party. It represents well our country’s problem. Too many Americans cannot tell the different between our government and our nation. The Democrats like to claim Thomas Jefferson as their forefather. He […]
December 17, 2013 by Jeff Haymond
If incentives to ingenuity and skill in individual persons were to be abolished, the very fountains of wealth would necessarily dry up; and the equality conjured up by the Socialist imagination would, in reality, be nothing but uniform wretchedness and meanness for one and all, without distinction From Rerum Novarum, 1891. This truth needs to […]
Our interns here in DC visited the Bureau of Printing and Engraving this week. In case you didn’t know, this is where most of the paper money in the US is printed. I have to say I haven’t been so near so much cash in my life (something like a few hundred million in the […]
November 21, 2013 by Jeff Haymond
And ye, O peoples, to whom God gave the liberty to choose your own magistrates, see to it that ye do not forfeit this favor by electing to the positions of highest honor, rascals and enemies of God. From Calvin’s Commentary on Samuel. No additional comment needed, the quote says it all. We were warned.
Bereans @ The Gate - old 
July 2, 2014 by Jeff Haymond
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