The Misesian Case against Keynes
Out of false theories of employment, money, and interest, Keynes has distilled a fantastically wrong theory of capitalism and of a socialist paradise erected out of paper money.
Out of false theories of employment, money, and interest, Keynes has distilled a fantastically wrong theory of capitalism and of a socialist paradise erected out of paper money.
History tells us that government is at heart a counterfeiter and therefore cannot be trusted to control money. This is true of both autocratic and popular government.
The violator of his property is not the maverick company that pays the bribe, but the producer who violates his contract with the sponsor by accepting it.
Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
In 1929, what remained of laissez-faire policy in America was brushed aside. Led by President Hoover, the government embarked on what has accurately been called the "Hoover New Deal."
"If you give the State power to do something for you, you give it an exact equivalent of power to do something to you."
Discipline after discipline has been invaded by an arrogant band of hermeneuticians, and now even economics is under assault.
"The worst failures of money, the worst things done to money, were not done by criminals but by governments."
The only permanent way to cure poverty is to increase the earning power and productivity of the poor.