The Fed

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Frank Shostak

The damage inflicted on the economy by reckless monetary and fiscal policies cannot be fixed by further aggressive monetary pumping.

Murray N. Rothbard

Bank credit expansion sets into motion the business cycle in all its phases.

Gary North

What would replace the Federal Reserve System? Nothing.

Murray N. Rothbard

The abolitionist would blister his thumb pushing a button that would abolish the state immediately.

John P. Cochran

Better economists recognize fractional-reserve banking as a major source of financial and economic instability.

Frank Shostak

The Fed's plan will fail: a fall in interest rates cannot cause the economy to grow.

Murray N. Rothbard

Although largely forgotten today, repudiation of public debt is a solid part of the American tradition.

Gary North

The rest of Europe now wants the Germans to clap loudly and affirm, "I do believe! I do believe in fairies!"

Thorsten Polleit

Today's worldwide fiat-money regime has effects that extend beyond what most people would imagine.