"What comes out from reading Mises's policy writings is that if you had asked him a fiscal, or monetary, or regulatory-policy question, he would not have said, and did not simply say, 'laissez-faire' — abolish the central bank, deregulate the economy, and eliminate taxes."
"Yes, this is the mercantilist world of Paul Krugman. Peaceful private exchange is an act of aggression, and aggression will deliver us from an imaginary 'liquidity trap.' Indeed, war is peace, freedom is slavery, and ignorance is strength."
There is, however, no denying that the banks have tremendous vested interest in influencing the policies of the Fed, nor that the power being so narrowly vested in the president makes him a special target for influence. Still, the power to control the Fed is not in the hands of its "owners" but firmly in the hands of the federal government and the president of the United States.
"The powers of the federal government were actually enumerated, and thus the states and the union were a check on each other. That principle of division was the most efficacious restraint on democracy that has been devised."
On the contrary, free enterprise and limited government have a proven track record and sound theoretical underpinnings.
The essential critical faculty cannot be developed when we copycat the questions and conclusions of others.
"Social democracy is still here in all its variants, defining our entire respectable political spectrum, from advanced victimology and feminism on the Left over to neoconservatism on the Right. We are now trapped, in America, inside a Menshevik fantasy, with the narrow bounds of respectable debate set for us by various brands of Marxists. "
To converse with others, associate with them, shake hands with them, or even to experience such intimacies as a sexual relationship, does not constitute a property relationship, but rather a relationship with a property owner.
Presented by Ron Paul at the “Birth and Death of the Fed” conference at Jekyll Island, Georgia, 27 Febuary 2010.
