I.O.U.S.A. Misses Point
Spend your time reading Wiggin and Bonner's book, buying gold, and avoiding taxes.
Spend your time reading Wiggin and Bonner's book, buying gold, and avoiding taxes.
"The middle-of-the-road policy is not an economic system that can last. It is a method for the realization of socialism by installments."
Keynesian Theory began to be used as a cover for state intervention in economic life.
But history is clear: more fiat money won't solve this crisis; a return to sounder money will.
"Those of libertarian inclinations tend not to hold it unfair for those with superior talents to benefit from them."
Nevertheless, economic law is relentless and Mises is still right: due price will be paid sooner or later.
We can thus conclude that the gold standard, if not abused, is not conducive to boom-bust cycles.
The restoration of monetary freedom would also force a sharp reduction in the size and power of government.
Learn now. Don't put it off another day. Or you can always make the choice to check out of the stream of life altogether.
"There are so many problems with Krugman's thinking that it's hard to know where to begin."