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By Striker, on November 20th, 2009 by Murray N. Rothbard published at Lew Rockwell
Originally published in Dissent on Keynes: A Critical Appraisal of Keynesian Economics, edited by Mark Skousen. New York: Praeger (1992). Pp. 171–198.
John Maynard Keynes, the man – his character, his writings, and his actions throughout life – was composed of three guiding and interacting elements. The [...]
By Striker, on March 12th, 2009 Ever wondered why there aren’t more “criminals” in this whole mortgage mess? Why there aren’t more mortgage broker perp walks? After all, they were predatory lenders, right? And where are the World-wide manhunts for the Wall Street iBankers escaping extradition? What they did to Iceland was against the law… right? Right?
For those who want [...]
By Striker, on February 5th, 2009 The first rescue package of $700 billion passed by the Bush Administration was supposed to buy back this bad paper. Instead the government … gave half of it to banks with no strings attached instead of designating it for security redemption. The banks did not use the money to redeem the bad paper certificates…
Starts [...]
By Striker, on November 8th, 2008 But when central banks, through their manipulation of the money supply, artificially lower the interest rate, then the signals get distorted; investors are led to act as though consumers have a lower time-preference than they actually do. Thus investors are led to invest in longer-term projects that are unsustainable,
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By Striker, on June 7th, 2008 at Yahoo! Answers: Question in regards to the Federal Reserve? The Federal Reserve was established in 1913 and is, therefore, a creature of Congress. The President of the United States nominates members of the Board of Governors of the Federal Reserve, subject to confirmation by the Senate. However, the Federal Reserve is basically free to [...]
By Striker, on June 6th, 2008 Up thru most of 1972 I built custom homes for $15 per SqFt, decent homes with redwood exteriors, turnkey with appliances and carpeting for a small family cost about $17,500. 30 years later, you know it, that same house cost $120,000 or more. You bought your house from a tract builder, and paid $200,000 with [...]
By Striker, on April 12th, 2008 The Federal Reserve seems a difficult critter to envision. It began back in 1913, created by the government as the bank to head all banks, yet not part of the government, but assigned to control the dollar and and the money supply. This puts “the Fed” even more difficult to control.
So among the biggies [...]
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