The Immutable Laws of the Business Cycle
Recorded at the Toronto Stock Exchange; September 16-17, 1999.
Recorded at the Toronto Stock Exchange; September 16-17, 1999.
We should not be afraid of deflation. We should love it as much as our liberties.
Recorded at Jekyll Island, Georgia; May 1992.
What is amazing about America circa 2008 is not the citizens' money illusion — history has seen that aplenty — but the utter lack of resistance to it.
Inflation has always been, the most dangerous and destructive form of taxation.
Deflation is a "great liberating force," writes Hülsmann, "because it destroys the economic basis of the social engineers, spin doctors, and brain washers."
The restoration of monetary freedom would also force a sharp reduction in the size and power of government.