The brutal, absolutist, and mercantilist state that collapsed under the French Revolution was no benign and restrained regime. And in many ways, the monarchy's embrace of a powerful centralized state sowed the seeds of its own destruction.
Financial MarketsMoney and Banks
The market probably interprets correctly that the European Central Bank will become even more dovish under Lagarde. This will encourage more risk in the financial system.
To Murray N. Rothbard, pioneer of praxeological analysis with all good wishes. March 2nd, 1967. ~Ludwig von Mises
The Left is on the march. Everything is at stake.