A Note on the Supposed Independence of the Fed
Economic theory suggests that unaccountable, legally protected monopolies are inefficient.
Economic theory suggests that unaccountable, legally protected monopolies are inefficient.
"We don't know how many jobs have been lost because of the ones that have theoretically been saved or created."
Scalpers fight against the notion that people must be protected from free, uncoerced exchanges.
"Good government" seems to involve reckless spending by Washington, endless printing at the Fed, and bailout after bailout.
Let us send a delegation to Hades to resurrect Ludwig von Mises, Thomas Jefferson, John Locke, and Aristotle to replace the corrupt, debased politicians we now have.
Washington should be lowering taxes and the costs of hiring employees, especially in industries that produce capital and wealth.
Although Aristotle, in the Greek tradition, scorned moneymaking and was scarcely a partisan of laissez-faire, he set forth a trenchant argument in
The entire Keynesian edifice rests on a central paradox: impeding the central mechanism of the free market will restore prosperity.
"A lesson in basic economics should suffice to defend against the sustainists' attack."
The eloquence was chiefly the doing of Goldwater's speechwriter and principal adviser during the 1964 campaign, the journalist and political ghostwriter Karl Hess. As Hess tells it, Senator Goldwater really was a genuine classical liberal.