Mises Daily

One of our top priorities must be to get rid of a monetary system that contributes to artificial money creation and credit expansion and thus to recurring boom-bust episodes in production and employment.

Simultaneous discoveries tend to be the rule rather than the exception.

The Panic of 1819 lasted about three years — the Great Depression lasted well over a decade. When looking for solutions to our current mess, we should study a winning team.

Konkin cripples libertarian effectiveness by creating moral problems where none exist: by indicting as nonlibertarian or nonmarket a whole slew of institutions necessary to the triumph of liberty: organization, hierarchy, wage work, granting of funds by libertarian millionaires, and a libertarian political party.

What a warped view of how the market economy works, to think that savings and foreign investment can cripple an economy.

Incessant creation of fiat money by government central banks will serve to engender more speculative booms to lure investors into financial ruin.

The Oracle admits that the printing of paper money is inflationary, but being a consistent proponent of expanding government, he constantly dismisses gold and proposals to return America to a gold standard.

"Why is it that people who rightly criticize the income tax are so quick to accept a national sales tax on consumption?"

Government-controlled fiat money is fraudulent money.

Since the heart of credit is real savings, it is obvious that no government schemes, such as cleansing banks' balance sheets, can increase fully backed credit.