Taking Money Back
To save our economy from destruction, wrote Murray Rothbard, and from the eventual holocaust of runaway inflation, we the people must take the money-supply function back from the government. Money is far too important to be left in the hands of bankers and of Establishment economists and financiers. To accomplish this goal, money must be returned to the market economy, with all monetary functions performed within the structure of the rights of private property and of the free-market economy.
According to the prevailing Keynesian dogma, consumption is the main form of spending in the economic system, while saving is mere nonspending and thus a “leakage” from the spending stream. This dogma underlies much of government economic policy in the United States, including the so-called economic stimulus package that has just been enacted. In this article, I prove, to the contrary, that consumption is not the main form of spending in the economic system and that the source of most spending is, in fact, saving.
While the rational-expectations school attempts to explain away market bubbles and the ensuing crashes, the Austrian School, which formerly stood alone in providing a compelling explanation for these market phenomena, now has help from the neuroscience community, writes Doug French.
In his book Why Choose This Book? Read Montague takes us inside the brain to understand how we make decisions. Montague is no economist. Neuroscience is his beat.