The Fed’s Dilemma
The root of the current financial crisis was an artificially induced boom in the real economy, and asset-price markets that subsequently turned to bust. The bust led to a reduction in the values of many assets owned by banks.
The root of the current financial crisis was an artificially induced boom in the real economy, and asset-price markets that subsequently turned to bust. The bust led to a reduction in the values of many assets owned by banks.
Frenchie was an Abilene institution, like no computer programmer or personal banker could be.
It is neither the job of government nor the business of any individual to prohibit, regulate, restrict, or otherwise control what a man desires to eat, drink, smoke, inject, absorb, snort, sniff, inhale, swallow, or otherwise ingest into his body.
"Inflation worked as a tax on those further removed from government spending."
Mr. Chodorov sees history as an eternal struggle between social-power and political-power philosophies.
"Free men operating in a free market do find solutions to even the largest crises."
Arriving at those goals is not exactly doable unless government robs Peter to pay Paul and/or starts up the printing press.
It is the way of individual liberty, of the free market, of private property, of government limited to securing these rights equally for all.
Even America's poorest people nowadays can afford automobiles, cell phones, and TVs. Yet a significant number of social critics wish they couldn't.
"[I]f the glorious public sector, if expanded government, has brought us to this pretty pass, perhaps the answer is to roll government back, to return to the truly revolutionary path of dismantling the Big State."