You don't have to be a rocket scientist to solve these problems. We need to return to the sound monetary policy of the gold standard and an America where education and assistance to the needy are in the hands of the private sector, not government bureaucrats.
Our fiscal problems can be explained by an Internal Revenue Service that isn’t aggressive enough.
Presented to the Auburn University Libertarians; Auburn, Alabama, on 17 February 2007.
Unfortunately, this first essay failed to shine any light in the darkness because he is using advanced mathematics — econometrics — in an attempt to explain human beings.
He has chosen the wrong tool for the job.
Friedman maintained that the policies of the Great Depression were a failure because they were not based on his own interventionist proposals: to inflate and undermine property contracts. From this perspective, the state failed not because it didn't "let the market work" but because it didn't let the Chicago bureaucrats work.
So does Schiff truly think the "unsustainable" deficit will break this year, or does he really just want you to buy his book on the coming crash?
