Think once more and above all of Germany, where time is running out fast — the time, I mean, during which repressed inflation can still be removed before the price-wage spiral gets going, notwithstanding all the controls of the occupation authorities.
The downturn might eventually end, but with ever more regulations imposed on the system, we might find ourselves never again living in a vibrant and prosperous society.
The problem is not really economic but political. And as long as "the leadership of the Party" and "Marxism, Leninism, Mao Ze-dong thought" remain enshrined in the preamble to the Chinese constitution, the solution is likely to remain as elusive as ever.
Market prices turn incomprehensibly complex relationships into very simple ones.
Interviewed by Michael Beitler on the “Free Markets” internet radio program; 18 June 2009.
Working closely with other fellows and resident Mises faculty, sharing concerns and solutions, networking as a Mises summer fellow is a big leg up for the young Austrian in meeting the challenge of launching a successful career in an academic world that is again growing increasingly hostile to the market economy and society.
Libertarians have been critical of zoning laws, which restrict the ability of property owners to develop their property or use it for their desired purposes.
True prosperity did not return until "the federal government relinquished its stranglehold on the American economy."
The wealth that strip-club patrons and strip-club moguls thought they had to throw around was but an illusion, and the reality is sobering for the entertainers, cabbies, politicians, and others who have been riding the strip-club boom.
"There is no incentive for bank depositors to go to the trouble of determining a bank's soundness if the government is going to guarantee deposits."
