The Upside-down World of John Maynard Keynes
John Maynard Keynes often employed flowery language like “animal spirits” and “liquidity trap” to describe things he did no
John Maynard Keynes often employed flowery language like “animal spirits” and “liquidity trap” to describe things he did no
From Human Action: A Treatise on Economics. Pages 11-29 in the text. Narrated by Jeff Riggenbach.
But people in a society do not find themselves in such a "one-shot Prisoner's Dilemma." Quite the contrary, they must deal with one another repeatedly.
It is perhaps the finest introduction to the thought of a major thinker ever published in the discipline of economics.
Government controlled fiat money is and will always be, by construction, fraudulent money.
Our present institutional arrangements are characterized as socialistic.
Whether one calls oneself a Communist, Socialist, New Dealer, or just plain "democrat," one begins with the premise that the individual is of consequence only as a servant of the mass idol.
Konkin cripples libertarian effectiveness by creating moral problems where none exist: by indicting as nonlibertarian or nonmarket a whole slew of institutions necessary to the triumph of liberty: organization, hierarchy, wage work, granting of funds by libertarian millionaires, and a libertarian political party.