Interventionism

The efficient-markets hypothesis is actually a tautology, or a way of viewing the world.

But ignorance cannot account for Keynes's claim that he was the first economist to try to explain unemployment or to transcend the assumption that money is a mere veil exerting no important influence on the business cycle or the economy.

All consumers place a high value on their personal safety. The sellers of any consumer product must fulfill this desire in order to profit in a capitalist economy.

Mankind must stop tolerating this thing called the state, which presumes the right to force us to do what it wants us to do, rather than what we want to do.

Insurance regulation in the United States is not working because it makes insurance a static, uncreative and boring business.

Recorded at the Mises Circle in Newport Beach, California, on November 14th, 2009. Sponsored by Louis E. Carabini.

Recorded at the Mises Circle in Newport Beach, California, November 14th, 2009. Sponsored by Louis E. Carabini, Saturday.

Nock was opposed to the state system, whatever name it assumes, but he was not an anarchist.

Krugman explained that the horrible trade wars of the early 1930s were the fault of — you guessed it — the gold standard.

"The gold-exchange standard establishes a system, in the name of gold, which in reality manages to install coordinated, international, inflationary, paper money."