This is a question that was posted to me by a journalist who has read my book and is following this website. He suggested I make it into a blog. This essay is not directly about the fiat money crisis so it might at first look a bit “off message”, but I guess for everyone [...]
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Anybody with any knowledge of economics should feel uneasy at the sight of a country where half of recorded economic activity is conducted by the state. Are such semi-socialist societies operable, and if so, for how long? That complete socialism is impossible and that any attempt to establish it must fail, we know for sure [...]
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Jacob Wolinsky of the US website ValueWalk.com conducted an extensive interview with me that covered a wide range of topics, from my own background and the appeal of Austrian School Economics to what I think Obama and Bernanke should do. You can read it here or here.
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The efforts of our political leaders to socialize the fallout from the financial crisis by means of the balance sheets of the government and the central bank, and to thereby sustain an illusion of normalcy, have guaranteed that the financial crisis is now morphing into a sovereign debt crisis – a process that is unfolding [...]
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Gordon Brown as the next head of the IMF? What a splendid idea – at least as long as Charlie Sheen is not available. No seriously, the despicable, interventionist IMF and the unpopular etatist Brown – a perfect match –perfect, I hope for further discrediting the global paper money bureaucracy, the new political elite lording [...]
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“The state? What is that? Well then! Now open your ears for me, for now I say to you my word about the death of peoples. State is the name of the coldest of all cold monsters. Coldly it tells lies; and this lie crawls out of its mouth: ‘I, the state, am the people.’” [...]
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Recent Comments
{ Feeding a little conspiracy theory ... considering a four-year schedule, put aside the gold standard... } – Sep 27, 3:20 PM
{ Federico, apologies for the slow response. You make a very good point. Banking systems in... } – Sep 27, 3:15 PM
{ Mr Schlichter, excellent article. I agree with previous comments to a great degree as well.... } – Sep 27, 9:16 AM
{ Richard Fisher, President of the Dallas Fed, and a member of the FOMC of the... } – Sep 27, 3:50 AM
