Free Markets

It was Boetie's view that the state is the least plausible institution on earth, one that would be overthrown in a day but for propaganda and ideological error.

"The government package is not going to rescue the economy, but it will rescue activities that the economy cannot afford and that consumers do not want."

It was credit expansion and the attempt to keep prices high that prolonged the Depression, which would otherwise have ended by 1931 or 1932. On this point Bernanke is all wet.

We agree that charity is a virtue, but sometimes well-intentioned plans have undesirable consequences or fail to live up to their potential because they change people's incentives.

My methods can be replicated. I hope to encourage others to take up the challenge — including the next generation of persons willing to aid the cause of liberty by going behind enemy lines.

As more individuals like Yoani Sanchez and Ron Paul emerge by means of the Internet, the inevitable long-term result will be a freer, happier, more prosperous world.

Only wealth generators can revive the economy by accumulating enough real capital. In this regard, no government or central-bank policies can replace wealth generators.

From “Choice in Currency: A Path to Sound Money”; the Mises Circle in Vancouver. Recorded 13 September 2008.

The change wrought by markets goes to the very core of the issue. It makes and breaks whole institutions, sometimes overnight. And it does so in a beneficial way for the whole, without blood and without the risk of unanticipated calamity.

If we understand that freedom is inseparable from sound money, we can embrace that too.