Interventionism

Economic knowledge gets more valuable as the economy worsens; but the economy worsens according to the level of political intervention — which is a function of economic ignorance.

For the economy and country to begin healing, we need capital, credibility and authority to move from the wasteful to the productive. The power elite, predictably, is attempting to achieve the exact opposite.

Q: So what's the solution?

A: Get out of the way. Let the market work.

Leading Austrian Economists discuss Henry Hazlitt's classic book Economics in One Lesson. Interview 7 of 12.

Middle America has traditionally been the largest and most effective force of resistance to the imperial garrison state.

Economic agents in general and companies in particular can only rehabilitate their finances by cutting costs (especially labor costs) and paying off loans.

It was Boetie's view that the state is the least plausible institution on earth, one that would be overthrown in a day but for propaganda and ideological error.

"The government package is not going to rescue the economy, but it will rescue activities that the economy cannot afford and that consumers do not want."

We offer a brief look into the topics most discussed in these times, with extended treatments of each in the sidebar.

Some investors have come to believe that, whatever mistake they make, they have a right to their profits, and the authorities will enforce it. The rescue of Bear Stearns, the two GSEs and AIG will only fuel this belief.