The Eurozone Stimulus Package and Economic Fundamentals
it is not possible to create something by printing money and redistributing real wealth. All that such policies produce is a further economic impoverishment.
it is not possible to create something by printing money and redistributing real wealth. All that such policies produce is a further economic impoverishment.
There are thousands of people around the world wishing to live in the average American household, where bread is just a fraction of one’s inc
"While it would be more comfortable to get money for nothing, this would not be the wisest long-run policy solution to unemployment."
"Soon the women who stood in the pallid queues before shops spoke more about their children's hunger than about the death of their husbands."
We suggest that loose fiscal and monetary policies have severely undermined the ability of the private sector to generate real wealth.
An ever-growing diversion of real wealth toward government nonproductive programs runs the risk of further weakening the ability of the United States to generate real wealth.
Among the absolutist writers following Bodin, the 17th-century servitors of the absolute state, all hesitance or piety to the medieval legacy of strictly limited taxation was destined to disappear. State power, unlimited, was to be glorified.
The lesson of Mises and Hayek is clear: there is no substitute for the private ownership. Without it, economic calculation in a modern economy cannot take place.
The failures of the state are becoming obvious and folks are taking notice. It is our responsibility to vigorously thrust ourselves into the intellectual battle and relentlessly advocate for free markets and liberty.
"Zamyatin's book was the first to be banned by the newly created censorship board."