Mises Daily

"It's hard to be a contrarian. With the bubble in full bloom, the last thing you want to tell the boys at the club is that you have your money in cash or gold."

"There is a definite sense in which the government plays by a different rulebook, because the central bank waits in the wings to monetize its debts."

She seems to me dubiously to assimilate international law to domestic law.Scarry has in any case given us in her excellent and provocative book an indictment of recent American policy difficult to answer.

Are we going to let government's wartime central planners control our lives 70 years after the fact?

It is likely that with the bailout of Greece we have already passed this point of no return.

"Keynes argues as if the government — or rather, 'forces outside the classical scheme of thought' — could control the volume without affecting any other aspect of the market economy. What sort of powers would government have to wield to be able to exert such a force?"

"The typical ploy of preserving 'standards of quality' meant that competition was hobbled, production and imports limited, and prices kept high."

it is not possible to create something by printing money and redistributing real wealth. All that such policies produce is a further economic impoverishment.

"People must fight for something that they want to achieve, not simply reject an evil, however bad it may be."

"The only possible solution to the inflation problem is an open opposition to the unions and to the idea that higher money wages are the only means for improving the condition of the masses."