Other Schools of Thought

Contrary to popular thinking, the threat posed to the major economies is not the liquidity trap, but the government and central bank stimulus policies aimed at countering it.

The private sector can't do this, which is precisely why all the stuff that makes life worth living is produced privately, and all that the government does is slow down the progress of civilization and bring destruction and disaster wherever it goes.

Murray Rothbard's two volumes are a monument of 20th-century scholarship.

"Law for Rousseau is essentially a device whereby those in possession protect themselves against the 'have-nots.'"

Rothbard's discussion of utility constitutes only one strand in his powerfully argued case that Smith derailed economics from the analytical achievements of the scholastics and their French and Italian successors.

The book contains an abundance of other arguments against our current monetary system.

There was a German language edition of his profoundly influential General Theory late in 1936, for which Keynes wrote a special foreword addressed solely to German readers.

In conclusion, Thom Hartmann's economic views are based on misinformation.

"An authoritarian state can never be peaceful because it can never be healthy; even if such a nation is unable to carry on a war against other nations, it is still at war with its own citizens."

"We know of no force which could act for the satisfaction of human desires so as to make the satisfaction equal for a number of men…"