There's much to be said about the current financial crisis. At the heart of this, as every Austrian knows, is the fault the US government holds for creating the current situation through its central bank and its inflationary policy. This fundamental economic truth cannot be stated enough. Ignorance...
Posted to
Apropos Austrian Aphorisms
by
thedo
on Wed, Sep 24 2008
Filed under: ron paul, inflation, federal reserve, great depression, murray rothbard, financial crisis, central bank, henry paulson, america's great depression
Many people perhaps dream of an executive position in a wealthy, well-to-do business. To manage and direct people! to be the boss. But few people are. The reason should be obvious: it takes a certain kind of skill and talent to successfully direct the fortunes of a business that captures a certain sector...
Posted to
Apropos Austrian Aphorisms
by
thedo
on Thu, May 22 2008
Filed under: ron paul, government intervention, oil execs, airlines, excessive profits, Kathie Lee Gifford, skyway robbery, energy, inflation, The Today Show, foreign policy
CNN/Money reports : "One day after disappointing Wall Street with a quarter-point rate cut, the Federal Reserve announced a plan to inject billions of dollars into the financial system." The fact that the Fed is working together with central banks from around the world indicates that the situation...