Booms and Busts

From The Case Against The Fed (pp. 54-55), as narrated by Floy Lilley.

Mises proposed ending the government money-supply monopoly — which he identified as the root of the problem — and returning money to the free market.

"To prop up the unhealthy, malinvested markets, governments must cannibalize the healthy markets to find the needed cash to transfer the wealth."

A debate has been raging for some time among those in the finance industry about whether the United States is currently experiencing inflation, def

The Fed has already taken several drastic actions in an attempt to prevent deflation, but it remains to be seen whether it is even possible for it to achieve such a goal without destroying the dollar and the entire financial system.

Interviewed on the The Joey Panto Show, 2 July 2008.

So, don't be so quick to take the plunge buying bank foreclosure properties and forget traditional stocks and bonds. It's not for the faint of heart, but the road to riches is with junior mining shares.

Recessions are a great time to appreciate anew the importance of economic logic to our lives, to celebrate the contribution of market production, and to seriously reevaluate the merit of big government that we permit to thwart the prospects for a speedy economic recovery.

The early 1920 was the last time laissez-faire ideas were used to help the nation recover from a depression.

We need to shut down the machinery that allows government to enact its plans.