Real, lasting change comes only with education and with the intellectual movements behind them, and with a revolution in ideas. It’s up to us and the scholarship of the Austrian School to show the nature of central banks and state-dominated economies, and how it would work without them. Help continue the revolution.
The myth endures that after Hitler inherited a country ravaged by the Great Depression in 1933, his aggressive policies turned the nation around and created an economic powerhouse. But the truth is something far different. It became a story of rationing, shortages, and misery in the Third Reich.
The singular brilliance of the debt ceiling is that it keeps reminding everyone that there is a growing national debt that never seems to shrink. That is a tremendous service to American citizens who live in the dark regarding the borrowing machinations of their political overlords.
A paper currency system contains the seeds of its own destruction. The temptation for the monopolist money producer to increase the supply is almost irresistible. A drastic reduction of government spending and deficits is not very likely either, given the incentives for politicians in democracies. So what is to come?
The only way to provide good medical services at a reasonable cost is to bring back market pricing. We need the market not only to get supply and demand back into balance, but also to decide what exactly will be supplied. When was the last time that anyone saw a normal market price in medicine?
The focus of Dallas Buyers Club is on the crony-capitalist relationship that exists among the American health care system, the pharmaceutical companies, and the FDA. The monopoly power that results from this union is used to stifle a person’s right to consume what he wants and treat himself as he sees fit.
What the media calls a “currency war,” whereby nations engage in competitive currency devaluations in order to increase exports, is really “currency suicide.”
At the heart of fascism lies state control of the economy. Mises found this in Nazism, and, it is prevalent in America today.
The state exploits the uncertainty in the population about the true reasons for the growing gap in income and asset distribution.
“If you say the goal of the Fed was to prevent calamities, then you have to say that it has been a failure.”
