U.S. Economy

Recorded at The Mises Circle in Phoenix, Arizona, on April 10th, 2010. Sponsored by James M. Rodney.

"Yes, this is the mercantilist world of Paul Krugman. Peaceful private exchange is an act of aggression, and aggression will deliver us from an imaginary 'liquidity trap.' Indeed, war is peace, freedom is slavery, and ignorance is strength."

Ultimately, the Keynesian's deficiency comes down to their lack of capital theory, which eventually leads them to believe in a very disjointed monetary theory.

Printing up money and lowering the value of all dollar-denominated assets while simultaneously benefiting political friends and accomplices is sure

"There is no greater example of why it is morally incumbent on everyone to oppose all forms of government intervention in all times. That includes, especially, wars that socialize the economy."

The private sector could take care of itself if the government would just leave it alone.

Recorded at Jekyll Island, Georgia; 27 February 2010.

Recorded at Jekyll Island, Georgia; 27 February 2010.

Recorded at Jekyll Island, Georgia; 26 February 2010.

Recorded at Jekyll Island, Georgia; 27 February 2010.