Interventionism

I do not want to be forced to conform to someone else's guidelines.

By now we should all be ready to move beyond hysteria, get a grip on reality, and begin thinking about how to repeal everything the government has done during the past six weeks.

The original Misesian insight has withstood the test: it still seems that the Fed was a necessary condition for the worst speculative bubble in world history.

But history is clear: more fiat money won't solve this crisis; a return to sounder money will.

Nevertheless, economic law is relentless and Mises is still right: due price will be paid sooner or later.

Even if GM itself was unable to survive bankruptcy, the resources freed from its grasp could be hugely beneficial to other automotive companies that make products that American consumers value more.

But even "free market" media such as the Wall Street Journal cling to Keynesian pump-priming, which — by the media's own admission — didn't help Japan and in fact caused the housing boom.

Recorded at the Mises Institute Supporters Summit, 31 October 2008; Auburn, Alabama. Includes an introduction by Tom Woods.

Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama. Includes a brief introduction by Mark Thornton.

"Great Britain's private coins were more popular than official ones, and for good reason…"