Open Letter from One Non-Economist to Another
Consider our corrupt Federal Reserve System as the ultimate cause of our economic woes.
Consider our corrupt Federal Reserve System as the ultimate cause of our economic woes.
Burt's support was more than financial; he also offered his time and energy with great generosity.
Falling prices, far from being deflation, are actually the antidote to deflation.
The power of creative energies to manifest themselves in the face of man-made obstacles accounts for the progress we observe even when the worst elements in society get on top
"Liquidity was the cause of the crisis, and now excess liquidity is presented as its solution!"
Rothbard was the first to fully integrate economic science, moral philosophy, and political theory in a unified theory of liberty.
Rothbard has been proven correct. Mathematical modeling has revealed itself to be a vain and formalistic exercise incapable of explaining the international currency crises, stock-market and real-estate bubbles, or the global financial crises that have racked our world in the past two decades.
The correct road to recovery is the path to a "free and prosperous commonwealth."
We must make them realize what they owe to the much vilified "economic freedom," the system of free enterprise and capitalism.
In contrast, throughout its previous 150 or so years, the American economy had managed to do just fine without the Federal Reserve "fine tuning" the money supply.