Mises Daily

Markets make more people fit rather than triggering a "dog eat dog" fight for survival. Private property prevents the law of the jungle rather than enabling it.

The increase in monetary pumping however sets in motion a new boom-bust cycle. Also, once economic activity starts to recover on its own (as a result of the improvement in the pool of real funding) any "help" from the Fed can only slow down the process of recovery.

Weigel is himself constrained to admit that in Iraq, American intervention has increased terrorism.

Count me out of the Bernanke revolution.

Communism is extreme socialism; socialism is extreme statism.

Laissez-faire is natural, moral, and biblical.

The American past is filled with high drama, and it is tragic if this drama is not conveyed to the reader…

In my field of economics, we have generally dismissed inferences based on mere correlations.

Thus, to say it all in one sentence, the threat of massive deflation can be eliminated, the threat of inflation ended, and the actual and potential domain of economic freedom greatly expanded, for $11 billion — an $11 billion that would not even be an out-of-pocket expense to anyone but merely a balance-sheet charge on the books of the Federal Reserve System when it deducted its gold holding from its balance sheet and added it to the balance sheets of the banks.

Binkley believes that as Las Vegas becomes like the rest of the country, the rest of America is becoming at least a little like Las Vegas, with gambling popping up everywhere.