Fiscal Theory

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Douglas French

Combine loose money with flawed financial theories and the creation of byzantine financial products, and ultimately modern financial alchemy "has a distinctly statist and paternalist tone, and one which, taken to its logical conclusion, implies the establishment of nothing less than a world government with the power to redistribute most of our income at will," explain the authors.

Robert P. Murphy

"It's pointless to try to wade hip-deep into DeLong's calculations, because they are meaningless."

Philipp Bagus

"By anticipating the future, speculators may bring about events earlier and reduce their potential harm."

Matthew J. Novak

"Congress and big oil companies colluded to reward risky behavior and lost their bet."