Defending the Speculator
The truth of the matter is that, far from causing starvation and famines, it is the speculator who prevents them.
The truth of the matter is that, far from causing starvation and famines, it is the speculator who prevents them.
To put it differently, morally significant action has to be freely chosen, not mere proper behavior.
Rothbard was a man of great achievement and immense scholarship, an indefatigable worker, and the most significant anarchist writer then living — i
If the dictator invests more and thus curtails the means available for current consumption, the people must eat less and hold their tongues.
Anyone who champions the well-being of society should especially celebrate commercial centers, stock markets, international trade, and every sector
Recorded at The Mises Circle in Manhattan, on May 22nd, 2010.
"Keynes argues as if the government — or rather, 'forces outside the classical scheme of thought' — could control the volume without affecting any other aspect of the market economy. What sort of powers would government have to wield to be able to exert such a force?"