Temporarily, just organizations and individuals that owe truckloads of debt, namely the US government (although, the debt still exists). Unfortunately in his interview with Wallstrip, Paul Kedrosky does not mention some of the larger demographic groups that suffer due to monetary malfeasance. Apropos Robert Murphy, the latest infusion of credit will result in price inflation due to the declining value of the dollar.
This review by Ira Katz of Lafayette College is pending at Amazon.com
[This article is excerpted from chapter 9 of The Betrayal of the American Right.]
One of the most brilliant and forceful attacks on Cold War foreign policy in this era came from the pen of the veteran conservative and free-market publicist Garet Garrett. In his pamphlet “The Rise of Empire,” published in 1952, Garrett began by declaring: “We have crossed the boundary that lies between Republic and Empire.”
More bon mots from Dr. Hulsmann’s Mises - The Last Knight of Liberalism: “In the preface to the German edition [of his General Theory], Keynes boasted that his theory was particularly well suited for totalitarian regimes and lamented that it was less fit for the conditions prevailing in freer societies.”
[This article is from chapter 8 of The Betrayal of the American Right.]
Sarbanes-Oxley, of course, was just a small step along the yellow brick road that will lead to total rule over private industry, especially in the realm of accounting and audit. Talk is heating up regarding the new Treasury Advisory Committee on the Auditing Profession.
One of the many fascinating footnotes in Dr. Hulsmann’s Mises - Last Knight of Liberalism is this entry: “The uniqueness of Mises’s role was still recognized some twenty years later by one of the last surviving students of the French laissez faire school. Writing to Mises in September 1957, the professor A. Bastet said that Mises was the successor “to our master Yves Guyot” - who himself was the successor to Gustave de Molinari (1819-1912).
