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The Economics of a Free Society

  • Audio Mises Daily
May 23, 2008

Tags Free MarketsPolitical Theory

There will come a day that the world financiers will rush from dollars just as they have recently rushed into dollars, causing even worse chaos in the international financial markets. Without a stable monetary unit, the speculation will continue and worsen. Overreaction is now becoming more commonplace, but this is a predictable consequence of a world gone mad with fiat currencies, debt creation, and overspending. Massive debt liquidation will come, writes Ron Paul.

This audio Mises Daily is narrated by Floy Lilley.

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