"The fact that credit booms are encouraged by derivative instruments has substantially increased the destabilizing effects of an artificial credit-expansion policy carried out by keeping the market interest rates below natural interest rates."
The science of human action is mental and aprioristic, it is the product of a logical analysis of the categories implied in different modes of action.
"With a free-market defense system, each man acts to defend his own values to the extent he wishes to have them defended, regardless of what piece of real estate he happens to be occupying."
Nonetheless, an important crack in the united macroeconomic front has been made with the admission that the policies are wanting and the neo-Keynesian establishment economics does not have a ready answer to explain either the causes or cures of such contemporary economic phenomena as inflationary recession.
Until that happy day when education is disestablished, Illich is searching for methods of moving strongly away from the public education system.
Given the rate at which our wealth and culture seem to be eroding away from beneath our feet, I urge both my elders and my peers to oppose the leviathan state and its cronies at every turn so we can start a new journey toward lasting prosperity.
After all, as motivated producers are necessary for providing marketable goods, so motivated sellers are necessary for delivering these goods to the willing buyers.
Still, the book is a beginning — an attempt to communicate free-market solutions to specific problems, to classes of people usually inimical to this approach.
Limited government is inherently immoral and must be rejected by any advocate of human freedom and justice in favor of competing agencies of retaliatory force.
We should not be fooled into believing that the economy will crumble without high government spending and loose credit organization.
