Interventionism

"And it is here — let's pinpoint the exact date at Greenspan's 'irrational-exuberance' call in December 1996 — where the Austrian men separate themselves from the Keynesian and Friedmanite boys."

Presented by Rothbard at New York Polytechnic University in 1972.

Price controls — triangular interventions — occur when an intervener (generally government) either compels a pair of people to make an exchange or prohibits them from making an exchange.

"The more these readjustments are delayed," Rothbard explained, "the longer the depression will have to last, and the longer complete recovery is postponed."

Garet Garrett spoke boldly and consistently against "the dim-out of the individual" represented by the political centralization and bureaucratization of American life under FDR.

The governments of almost all countries are engaged in a campaign against the capitalists.

Not all reforms are improvements. As we have seen, the 100-percent-reserve solution is ripe with unintended consequences.

In order to make it easier for the central banks to embark upon credit expansion, the European governments aimed long ago at a concentration of their countries' gold reserves with the central banks.

In this country today, and it is also true of most other nations, many professional historians gladly falsify history quite voluntarily.

The state benefits from the shortage of information that the speed of events imposes on people."