Free Markets

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.

Price controls do cause shortages.

In short, the Galbraithian view of the business and marketing system makes little or no sense.

Mises would clearly see the solution to the fiat-money-generated world disequilibrium as a global return to a commodity-money standard with 100% reserve banking as the only monetary policy rule and a banking order that avoids the disequilibria generated by the politically motivated manipulation of the money supply.