Mises Daily

Credit expansion is what creates a delusion of prosperity while it lasts and economic depression when it ends. It is all that needs to be stopped to end the boom-bust cycle.

Although the dollar is no longer tied to gold, that will not stop the dollar price of gold from exploding when more investors realize that no one, not even a sharp guy like Ben Bernanke, ought to hold the fate of the world's economy in his hands.

Only two things can save the Fed at this point. One is a bailout by the federal government. This recapitalization could be financed by taxes or by monetizing government debt in another blow to the value of the currency.

Just as "war is too important to be left to the generals," accounting is too vital for the economy and everyone's finances to have been left to the experts.

In the case of downloads, the great hunt promises to cripple the Internet. And HADOPI is only one of the state's tentacles.

I am confident that the above would make a heck of a lot more sense than letting blind heroin addicts borrow an extra trillion dollars to "stimulate" the economy.

The Marxians, Keynesians, Veblenians, and other "progressives" know very well that their doctrines cannot stand any critical analysis.

The strangest thing about the ongoing financial crisis is that US Fed Chairman Ben Bernanke has so far come out of it relatively unscathed.

What we need are real lasting tax cuts and a corresponding movement of spending out of government and into the private sector.

The way out of this mess is freedom.