The Fed

"The Bank of England has been reduced to the position of a part of the machinery for the manufacturing of political money in any quantity that may be required."

"There is a definite sense in which the government plays by a different rulebook, because the central bank waits in the wings to monetize its debts."

It is likely that with the bailout of Greece we have already passed this point of no return.

"The only possible solution to the inflation problem is an open opposition to the unions and to the idea that higher money wages are the only means for improving the condition of the masses."

"The very idea of a shortage of aggregate demand is absolutely meaningless."

Interest is a homogeneous phenomenon. There are no different sources of interest. 

The failures of the state are becoming obvious and folks are taking notice. It is our responsibility to vigorously thrust ourselves into the intellectual battle and relentlessly advocate for free markets and liberty.

"The Keynesian model can't capture the fact that during the boom period, society 'eats the seed corn' through malinvestment."

"We are in a frightening state of affairs, where the government feels the need to commit acts of aggression, through the use of tariffs and quotas, as means of 'economic defense'."

"These guys weren't just taking a position and keeping their fingers crossed, they had to keep feeding their bets, even when the financial world (and their investors) thought they were nuts."