Will The Federal Reserve Create The New Socialist Man?
Monetary central planning, as perpetrated by the Federal Reserve, provides the key to hollowing out and creating a pro-statist populace.
Monetary central planning, as perpetrated by the Federal Reserve, provides the key to hollowing out and creating a pro-statist populace.
Loan banking is non-inflationary. Interest rates on loans are merely reflective of price spreads. All speculation, on the free-market, is self-correcting and speeds adjustment, rather than cause economic trouble.
The interventionist myth is that Federal meddling in domestic or foreign economics can make anything better. Instead, meddling produced the American Great Depression. Doing nothing with a depression in 1920 produced resolution within eighteen months. Nobody hears of the depression of 1920-21.
From Speaking of Liberty, as narrated by the author, pp. 25-40.
Should central bankers actively undertake to burst asset bubbles, or should they stand around and watch them run out of steam, then try to clean up
The New York Times ran a feature on the aftermath of Japan’s hou