The consequences of pumping out many trillions of marks (or even just the few trillions of dollars now being created by the Federal Reserve) are simply catastrophic. And such policies lead, as Professors Mises and Rothbard taught us, to collapse, war, destruction, starvation, and death.
Presented at “Recovery or Stagnation?,” the Mises Circle in San Francisco; sponsored by Mark L.
Presented by Robert P. Murphy at “Recovery or Stagnation?,” the Mises Circle in San Francisco; sponsored by Mark L.
Presented by Walter Block at “Recovery or Stagnation?,” the Mises Circle in San Francisco; sponsored by Mark L.
Presented by Thomas DiLorenzo at “Recovery or Stagnation?,” the Mises Circle in San Francisco; sponsored by Mark L.
Indeed, if this book, rather than Keynes's General Theory, had been the point of departure for subsequent study of macroeconomic fluctuations, the world almost certainly would have been a much, much happier place.
"Alain de Botton is not an economist by training, but he clearly understands the division of labor (he even uses the term!) and is a keen observer of human action and the human condition."
The “miracle” of Germany’s revival was not the result of a conscious rejection of socialism, but was rather an accident of politi
At no point in his speech did Mr. Dudley raise the possibility that the main source of asset bubbles could be the US central bank itself.
The individual is always ready to ascribe his good luck to his own efficiency…. But reverses of fortune he always charges to other people…."
– Ludwig von Mises