Failure and Prosperity
It is Rothbard and Hülsmann that know the way to prosperity: we must bring back failure and deflation.
It is Rothbard and Hülsmann that know the way to prosperity: we must bring back failure and deflation.
Recorded at Jekyll Island, Georgia; 27 February 2010.
"Naïve trust in the power of words to command reality is found in all mass delusions."
Americans had no overall plan. They had something more important. They had personal freedom to plan their own affairs; and the avalanche of human energy resulting from that freedom swept from the Atlantic to the Pacific, from the Great Lakes to the Rio Grande.
I am making the simple observation that even if the US government "did nothing" according to the man on the street, it still would have been interfering very heavily in the situation in Haiti. The Haitians have been "enjoying" the help of the US military for years, which is partly why they were so ill equipped to deal with a powerful earthquake.
Presented by Thomas E. Woods, Jr. at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S. Davis.
Victims of micro-level Ponzi schemes are only greedy; they don't infringe upon others' freedom. The same can't be said of those who demand that we all participate in these macro-level Ponzi schemes.
Where did Benjamin Strong - head of the Fed - come from? Rothbard continues to reveal the individuals who shaped our world and wars. Morgan's empire brought us the irrational and useless WWI. Foreign policy today rests upon this Morgan outlook.