Mises Daily

Politicians, bureaucrats, regulators, modern financial commentators, Nobel Prize–winning economists and central bankers have proven they lack any knowledge of what money is and what causes business cycles.

As the gifts from these businesses pour in, think of it as a sign that this recession has not been nearly deep enough or gone on nearly long enough.

"Good government" seems to involve reckless spending by Washington, endless printing at the Fed, and bailout after bailout.

Let us send a delegation to Hades to resurrect Ludwig von Mises, Thomas Jefferson, John Locke, and Aristotle to replace the corrupt, debased politicians we now have.

Washington should be lowering taxes and the costs of hiring employees, especially in industries that produce capital and wealth.

The gold standard protects the monetary system from the influence of governments as the quantity of gold in existence is utterly independent of the wishes and manipulations of government officials and politicians, parties and pressure groups.

When a merchant borrows 20,000 francs to purchase a house, it is not the 20,000 francs which he owes, but the house. Money only appears for the sake of facilitating the arrangements between the parties."

[From chapter 8 of

The entire Keynesian edifice rests on a central paradox: impeding the central mechanism of the free market will restore prosperity.

"Real GDP has nothing to do with the real world."