Financial Markets

Many people were outwitted by Madoff. Many more people are today being outwitted by the government and its central bank. And it will all end in disgrace and disaster, only on a far, far grander scale.

Recorded at the Toronto Stock Exchange; September 16-17, 1999.

Recorded at the Toronto Stock Exchange; September 16-17, 1999.

Recorded at the Toronto Stock Exchange; September 16-17, 1999.

"As long as our central government has the ability to dole out these favors, there will be special interests lining up to receive them."

Tragically, it is in the nature of government, when its failures are exposed, to claim that if only it had more power it could have performed its duties in the manner it had promised.

Jeffrey Tucker interviews Mark Thornton, who provides an overview of the Mises.org Markets page.

Bob Higgs' 1997 article "Regime Uncertainty," now appears in slightly revised form as the first chapter of his 2006 book Depression, War, and Cold War.

We should not be afraid of deflation. We should love it as much as our liberties.

Deflation is a "great liberating force," writes Hülsmann, "because it destroys the economic basis of the social engineers, spin doctors, and brain washers."