Seeking to provide the intelligent layman with sufficient knowledge of sound economic theory to enable him to understand what must be done to overcome the present financial crisis and return to the path of economic progress and prosperity.
Modern macroeconomists failed to forewarn against the dangers of the recklessly inflationary monetary policy pursued by the Fed in the first half of this decade. They now are at a complete loss for a coherent explanation of its consequences in the deepening financial crisis and recession that afflicts the global economy.
Carabini admits in the first chapter that in his opinion people are in general attracted to one of two opposing camps — those inclined to liberty and those inclined to mastery — and it is rare that exposure to additional evidence and facts sways anyone to switch camps.
But no area of commercial property will be spared the bloodbath.
Whether one calls oneself a Communist, Socialist, New Dealer, or just plain "democrat," one begins with the premise that the individual is of consequence only as a servant of the mass idol.
Central economic planning and laissez-faire capitalism are completely incompatible concepts — by definition.
Simultaneous discoveries tend to be the rule rather than the exception.
Study of the past, it is assumed, discloses the shape of things to come. Any attempt to reverse or even to stop a trend is doomed to failure.
In June and July 1952, Ludwig von Mises delivered nine lectures in San Francisco on Marxism and capitalism.
