"Keynes argues as if the government — or rather, 'forces outside the classical scheme of thought' — could control the volume without affecting any other aspect of the market economy. What sort of powers would government have to wield to be able to exert such a force?"
"The typical ploy of preserving 'standards of quality' meant that competition was hobbled, production and imports limited, and prices kept high."
it is not possible to create something by printing money and redistributing real wealth. All that such policies produce is a further economic impoverishment.
"People must fight for something that they want to achieve, not simply reject an evil, however bad it may be."
Haiti will remain mired in poverty so long as the majority retains their current hostility to open competition and commerce.
"Mises's desideratum was thus not a 'neutral' money, or even a practical approximation of it; rather, it was the complete elimination of 'human influence' on the purchasing power of money."
When the influx of silver and gold from the Spanish colonies in the New World dried up, little or nothing remained. But that was not all.
"The government can talk about entrepreneurship and act like it is promoting it, but all of what government does by taxing and regulating impedes the entrepreneur."
"Make no mistake, this supposed 'containment' boondoggle was yet another bailout of the world's largest banks. A majority of the PIIGS's debt is held by large French and German banks."
"The risk associated with loan obligations are shifted to the taxpayer. Consequently, the act removes obligation and creates a moral hazard with the creation of a virtual backstop."
