Interventionism

That phony money creates a false boom is not an unknown fact in history.

"Roosevelt and his staff were becoming habitual bullies, pitting Americans against one another."

With such consumers in mind, we can assert with confidence that a health insurance mandate must, by praxeological definition, decrease consumer welfare and thus make the economy less efficient.

The consequences of pumping out many trillions of marks (or even just the few trillions of dollars now being created by the Federal Reserve) are simply catastrophic. And such policies lead, as Professors Mises and Rothbard taught us, to collapse, war, destruction, starvation, and death.

The blessings of liberty have been diffused in this land of ours to an unsurpassed degree, not because of government intervention but only because it was here that the torch of individual freedom was kindled and borne aloft.

Over time, a situation can emerge where, as a result of persistent loose monetary and fiscal policies, there are not enough wealth generators left.

Presented by Robert P. Murphy at “Recovery or Stagnation?,” the Mises Circle in San Francisco; sponsored by Mark L.

Presented by Douglas E. French at “Recovery or Stagnation?,” the Mises Circle in San Francisco; sponsored by Mark L.

Presented by Walter Block at “Recovery or Stagnation?,” the Mises Circle in San Francisco; sponsored by Mark L.

The degree to which these union members qualify as economists is the degree to which they must knowingly intend the consequences of their actions and therefore be culpable for them.