It is not possible to replace productive credit by means of the easy monetary policies of the central bank. If this could have been done, then the world would have already ended poverty.
The appropriate question is not “Who will build the roads?” but rather “Who will pay for them without taxation?” History suggests the answer is "lots of people" and the "public goods" theory is wrong.
We can see that these massive trillion-dollar stimulus programs generate a virtually nonexistent long-term positive impact, just a short-term bounce that lasts less than a quarter.
Google says it can only tolerate "accurate" information and has banned LewRockwell.com from its advertising program. This position only makes sense if one makes some faulty assumptions about how information is spread.
It was government policies that kick-started the engine of financial innovation, wrongly blamed by many in the press and left-leaning academia for this increased economic instability.
The story of the Americas as the violent “pacifying” and corralling of free indigenous peoples by white outsiders erases the long history of statism in many areas of the New World.
Years of bubbles and malinvestment have a downside: the destruction of the productive, wealth-building parts of the economy. And that could mean higher interest rates.
