Free Markets

"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.

To the common sense of these women a program of low prices will make a strong appeal.

From the standpoint of both politics and history, this proof [of the "impossibility" of socialist planning] is certainly the most important discovery by economic theory.

In sum, the "change" that Obama promised his mesmerized supporters in the election campaign, and is now in process of actually delivering, is nothing more than change from dumb to dumber and from bad to worse.

Regardless of mantras of change, politics is unlikely to change unless President Obama heeds the lessons learned from the inaugural ceremony. His first move should be a drastic reduction in the government's size and scope.