The Jobs Problem
The whole idea is just plain dumb, not to mention incredibly ill-timed.
The whole idea is just plain dumb, not to mention incredibly ill-timed.
The requirements for wealth creation are simple: a favorable business climate free from overbearing regulation and a belief that the earnings from hard work and risk taking will not be confiscated by a government bent on the redistribution of income.
We have rejected the enrichments of a healthy capitalism in favor of an impoverishing government-run fascism. We have resurrected another great depression — and made America the crisis leader of the world, instead of, what it once was, the beacon for world prosperity.
The private road would be devoted to serving the customers, not looting them at the point of a gun."
As the late 20th century's disastrous experiments with totalitarianism and interventionism showed, Mises's criticisms have most certainly stood the test of time.
The housing debacle was a project created over three-quarters of a century by fascists from both parties.
Government spending merely directs scarce factors of production away from their most productive uses.
The Federal Reserve System and those in charge of it at during the real estate bubble bear responsibility for major harm to tens of millions of Americans.
The community of soft-currency countries is not a community of economic conditions but a community of lax monetary and fiscal policies, a community of ignorance about monetary theory, of inexperience with monetary policy, and of political doctrinaire stubbornness.