H.R. 2854, a proposed bill making its way through committees, would require the Treasury Secretary to give the greenback a makeover. The bill aims to replace the Great Seal of the United States (which Franklin Delano Roosevelt incorporated in 1935) on the reverse of the dollar with excerpts from the U.S. Constitution including the preamble, a list of Articles, and a list of Amendments in the founding document. The bill, cited as the “Liberty Bill Act,” states that Congress believes…

Read the full story

Yesterday’s communiqué from the leaders of the G20 – a motley collection of democracies and dictatorships – has some good points, but in general it represents a new version of what economist Friedrich Hayek called “the fatal conceit.” It believes that government has all the answers, and demonstrates that the world’s leading governments recognize few boundaries. As such, not only does the communiqué promise far more than it can deliver – something the voters in G20 democracies should remember – but…

Read the full story