Other Schools of Thought

This study guide is presented to assist the reader in following Hazlitt's deconstruction of Keynes.

It's a hard truth for Americans to face that neither team in Washington is going to guard what we love the most. That is something we are going to have to face. Liberty is for the citizens to guard themselves.

The present crisis is not a crisis of capitalism but a crisis of state interventionism, and it is also a consequence of a mechanicist approach to economic problems.

Ubel mocks those who speak of a "nanny state"; but the real problem is not that the state officiously looks out for our best interests at the expense of our freedom. It is that the state exploits us.

Presented as part of the Mises Institute’s Brown Bag Seminar series; Auburn, Alabama, on 25 September 1996.

Instead of trying to abolish failure via bailouts, we should let markets work, let failure run its course, and be so much the wiser for it.

Credit expansion is what creates a delusion of prosperity while it lasts and economic depression when it ends. It is all that needs to be stopped to end the boom-bust cycle.

I am confident that the above would make a heck of a lot more sense than letting blind heroin addicts borrow an extra trillion dollars to "stimulate" the economy.

The Marxians, Keynesians, Veblenians, and other "progressives" know very well that their doctrines cannot stand any critical analysis.

It is interesting to see the psychology at play here: give the banks more money or else the massive stimulus will fail due to "instability."