Hayek’s Ghost Haunts the World
Did you ever have the feeling that we've been through this before?
Did you ever have the feeling that we've been through this before?
The idea is this: in spite of the federal-government's spending at the annual rate of 11 percent of GDP more than it is taking in, there isn't enough stimulus to get our woeful economy going. So, the answer is more spending; indeed, much more spending. If a "shot in the arm" isn't enough, then break out the defibrillator!
Rand's heroes weren't generals or people in law enforcement; they were engineers, inventors, designers — people focused on what they could do with their lives.
The entire Keynesian/government approach to stimulus has been a catastrophic failure.
Every student in a money-and-banking course should read this book at least twice.