“Only God Can Create Something Of Value Out Of Nothing”: The Problem of Fractional Reserve Banking
Law / Politics / Property / Rights

“Only God Can Create Something Of Value Out Of Nothing”: The Problem of Fractional Reserve Banking

What would happen if we “Ended the Fed”? My very first course in law school was one I didn’t think I’d find all that interesting. It was contracts. Contracts! Blech! Fortunately I had a great Professor named John Orcutt. One of the first lessons he taught us was the issue of “consideration”. Consideration is the … Continue reading

Property

Clint Eastwood and the Law

Here’s a riddle for you. What does Clint Eastwood and your legal rights have in common? The Answer? The “Make My Day” Doctrine. This of course comes from the famous Clint Eastwood film Dirty Harry. In 1985, the state of Colorado passed a law that permitted homeowners to defend their homes if it’s invaded. Another … Continue reading

Property

Can the Government Take Your Private Property?

Question Submitted by Jared Herman In the 2010 Pennsylvania Governor election, one issue took center stage, Gas Drilling. Pennsylvania, my home state, like many other states has struggled through the Great Recession. Pennsylvania elected Tom Corbett and made its solution to the economic crisis clear; drill baby drill! The Marcellus Shale rock formation sits across … Continue reading