The US healthcare system is a huge bubble fueled by the government's ability to borrow money at artificially low interest rates.
Presented to the Auburn University Economics Club; Auburn, Alabama, on 6 March 2012.
To suggest that people have an unlimited demand for money is not realistic, given that people require goods to support their lives and well-being.
The Depression marked a turning point in American public policy. From this point on we hear no more about balanced budgets.
If we consider individual people instead of statistical categories, we must reject the leftists' conclusion that the rich are increasingly dispossessing the rest.
We now see, thanks to Rothbard's insights, that the Hoover-Roosevelt period was really a continuum.
