Mises Daily
Author:
Llewellyn H. Rockwell Jr.
Online Publish Date:
and ‘emergency,’ it can impose a tyranny upon the public such as might be openly resisted in time of peace. War thus provides many benefits to a State, and the problem. With every other war serving as precedent, the Federal Reserve has opened the monetary spigots, and is promising a total bailout of the banking system the press is that this is a new “cabinet level” agency, as if giving its director access to cabinet meetings is going to protect it from becoming what every other