So, isn't it time to demythologize all of this? Treasuries are bonds just like any other bonds. There's nothing magic, mythical, or sacred about them. A default on US government debt is no more or less radical than a default on any other kind of debt.
Should the central bank try to simulate the banking system and stabilize money velocity?
People who lack self-confidence aren’t likely to support efforts to achieve a free society, or even to understand why a free society is a desirable goal.
There has never been a better time to be a student of scholarship in the long-lived liberal tradition.
Can we please stop putting down paid work? Unpaid work lacks the feedback of market prices.
We should hope that the medical art is not co-opted by governing elites (including those with an MD or MPH after their name) who believe that practicing medicine is as easy as checking off boxes and interpreting numbers on a computer screen. Such a simplistic view is undoubtedly a fatal conceit.
The question in the popular press is, "Which economic policy is the best to alleviate the recession?" Wrong question.
No one wants a needle park in his or her neighborhood, but that is exactly what prohibition brings.
Jefferson writes mournfully, "What a cruel reflection, that a rich country can not long be a free one!"
