Other Schools of Thought

A full-blown bailout of the banks responsible for making bad loans will only further an economic system of private profits and socialized losses.

The oft-used cliché in response to harsh criticisms of the country or its government is "If you don't like it, you can leave." Republicans made it much more difficult for disgruntled citizens to follow this advice; it is time to repeal this profligate legislation.

Contrary to Greenspan, we can conclude that it is not long-term rates as such that fueled the bubble but the loose monetary policy of the Fed.

Given how many Keynesian economists predicted a return to depression conditions when World War II spending came to an end, and that what we instead got was the single most robust year the private economy has ever seen, isn't it a little strange that not one of these economists went back and reexamined his premises?

The Austrian arguments, to repeat, are deductive. They are not statistical.

Time after weary time, it is the mainstream and Keynesian economists (who ridicule and ignore Austrian economics as unscientific) whose predictions are utterly refuted by the events of history.

Schumpeter went on to remind the audience that the heart of the capitalist process was its endless dynamism, which was the opposite of Keynesian stagnationism.

The Black Book of Communism is a standing rebuke to any living soul who claims that economic understanding doesn't matter.

No one wanted to hear the message that voting by itself produces nothing, and that force by itself wastes resources and "produces" less and less.

Mises says that all expansion of bank credit must absolutely cease: "no more legal tender banknotes and no more credit expansion!"