Interventionism

Recorded at the Mises Circle in Seattle, September 12th, 2009. Sponsored by James M. Wolfe.

As for the old conservative claim that libertarians are insufficiently worried about the Soviet threat and too much about garbage collection, note that the Soviet Union is gone and the garbage problem is still with us.

Printing green pieces of paper doesn't make an economy richer. If done without restraint, it leads to runaway price inflation. As an added downside, it also allows governments to slaughter millions of people. (The world wars could not have been waged if the belligerents had stuck to the gold standard.)

"The bailouts, in fact, were an example of government intervention to prevent the free market from holding CEOs accountable."

Don't be among those who believe that the government has discovered the secret of prosperity in the offices of the Bureau of Engraving and Printing.

Got a problem? Just give the government even more power, and our friendly, competent rulers will take care of everything. I shudder to think that columnists may actually get paid for spouting such childish twaddle.

Mass unemployment proves in fact wholly to be the result of government preventing private enterprise from working freely and providing itself with a money that would secure stability.

The government closes doors. The market, incredibly and fortuitously, keeps opening them.

Clearly, one of the top priorities of every libertarian should be ending the legal tender laws.

It’s true that the US health-care system is a mess, but this demonstrates not market but government failure.