Fannie and Freddie are going to be bailed out by taxpayers, I told the host, and the resulting inflation will make a weak dollar weaker and prop up corrupt banks that market forces would otherwise force out of business.
The price system is a system of action, not words. It is decisive and takes responsibility.
They are not in fact proposing less intrusive government nudges to replace more intrusive government coercion, but yet still more government on top of what we have today.
The Misesian approach to economics does not rely on unrealistic formal models.
Mötley Crüe ocked the 1980s. Their lifestyle was a toxic mixture of drugs, alcohol, fast cars, and fast women.
ExxonMobil, lacking access to countries amenable to oil exploration, has invested less in finding new oil in 2007 that it did back in 1981.
"Buy local" is, at its logical limit, a prescription for poverty and starvation.
"When you think about the current Fannie Mae-Freddie Mac crisis, you must remember Mises's theory of intervention."
So, don't be so quick to take the plunge buying bank foreclosure properties and forget traditional stocks and bonds. It's not for the faint of heart, but the road to riches is with junior mining shares.
A corporate tax is really a tax on shareholders, customers, or employees of the firm.
