Yet Another “Operation Twist”?
The Fed's plan will fail: a fall in interest rates cannot cause the economy to grow.
The Fed's plan will fail: a fall in interest rates cannot cause the economy to grow.
The details of the Clintonian plan, however diabolic, are merely petty demons compared to the general principles, where Lucifer really lurks.
Austrians wish to extend their laissez-faire views to the creation and sale of a specific commodity: money.
Although Leland Yeager calls himself a fellow traveler of the Austrian School, rather than a full-fledged member of it — he is a fellow traveler of the Chicago School as well — no reader of his essays can fail to note one
Instead of solving the initial problem, the intervention creates two or three further problems, which the government feels it must intervene to heal.
Every evil of the day, even those directly caused by the government, are blamed on the market economy.
[Day 10 of Robert Wenzel's 30-day reading list that will lead you to become a knowledgeable libertarian, this Mises Daily originally ran January 1, 2008.]