Philosophy and Methodology

Congress decreed that gold and silver dollars should be interchangeable and put upon the Treasury a mandate to keep them equal in value. How?

Not all reforms are improvements. As we have seen, the 100-percent-reserve solution is ripe with unintended consequences.

John Calvin's social and economic views closely parallel Luther's, and there is no point in repeating them here. There are only two main areas of difference: their views on usury, and on the concept of the "calling."

Capitalism sought to unleash the cooperative and competitive spirits of the human person and ended up abolishing scarcity in life's most valuable things.

"Rothbard here is rather writing as an ideological polemicist about what thinkers are 'good for the team,' and his critiques even beyond this book often had that spirit."

"Market prices can get screwed up when the Fed tinkers with interest rates. Because of the distorted price signals, the actual real resources are invested improperly."

"In Thomist thought, reason and empiricism are not separated but allied and interwoven. Truth is built up by reason on a solid groundwork in empirically known reality. The rational and empirical were integrated into one coherent whole."

In a free market of justice, police making many errors would thus quickly be eliminated by bankruptcy.

Nonetheless, an important crack in the united macroeconomic front has been made with the admission that the policies are wanting and the neo-Keynesian establishment economics does not have a ready answer to explain either the causes or cures of such contemporary economic phenomena as inflationary recession.

Until that happy day when education is disestablished, Illich is searching for methods of moving strongly away from the public education system.