In the same way, the path to economic recovery is to allow markets to channel specialized resources to their highest-valued uses, not to dump taxpayer funds on whatever firms and industries happen to be ready for them — or politically connected.
Jörg Guido Hülsmann, professor of economics at the University of Angers in France, discusses his recent book, “The Ethics of Money Production
The main error of widespread pessimism is the belief that the destructionist ideas and policies of our age sprang from the proletarians and are a &
To the common sense of these women a program of low prices will make a strong appeal.
Mises says that all expansion of bank credit must absolutely cease: "no more legal tender banknotes and no more credit expansion!"
"Public estimation of eminence runs in reverse ratio to its genuineness," writes Mencken, anticipating Obama, "the sort of eminence that the mob esteems most highly is precisely the sort that has least grounding in solid worth and honest accomplishment."
The government can prevent market forces from operating by channeling resources into artificial channels.
Guido Hülsmann offers his conclusions: the current monetary institutions (central banks, paper money, and fractional-reserve banking) cannot be justified and should be abolished; such an act should be greeted as a restoration of monetary sanity and a humane economy.
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.
Shawn Ritenour reviews Gary North’s article, “Millenialism and the Progressive Movement,” Journal of Libertarian Studies
