Madoff as Metaphor
Many people were outwitted by Madoff. Many more people are today being outwitted by the government and its central bank. And it will all end in disgrace and disaster, only on a far, far grander scale.
Many people were outwitted by Madoff. Many more people are today being outwitted by the government and its central bank. And it will all end in disgrace and disaster, only on a far, far grander scale.
Tragically, it is in the nature of government, when its failures are exposed, to claim that if only it had more power it could have performed its duties in the manner it had promised.
DiLorenzo also wants to dismantle "government's Hamiltonian monopoly on money," which would in itself be a major setback to despotic government.
Folsom places great emphasis on Roosevelt's character, and the president comes off very poorly indeed.
We are once again in a situation where the public and the economics profession have rushed to judge capitalism as the source of periodic and severe crises.
For until Rothbard's work is carefully studied by every advocate of liberty, the value of his contributions to the libertarian system cannot be fully appreciated and, moreover, the unity and true historical context of libertarianism will not even be fully grasped.
This was the first book on economics that just jumped out and grabbed me. I had read a few before, but they were boring. Very boring.
Hamiltonian mercantilism is essentially the economic and political system that Americans have lived under for several generations now.
I congratulate the Ludwig von Mises Institute for bringing back into print Hayek's writings on business cycles.
Many laboring in the thriving cottage industry of Hayek biographers, critics and interpreters have commented on the transition from a "Hayek I" to a "Hayek II" that began in the late 1930s, portraying it as almost wholly an intellectual re-orientation and change in research interests. Few, if any, have recognized the radical alteration in analytical procedure and rhetorical style that characterized this transformation.