National Socialism
Economics in One Lesson: Still Relevant Today.
“The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The bad economist sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups.”
You will find at the Mises Institute a series of online videos discussing Economics in One Lesson
by Henry Hazlitt. Among the various videos, please let me highlight the
one with Thomas Woods where he chats about credit and loaning. He
applies some of the book's lessons to what is happening now.
Watch Here at Youtube.
Another video of this series to highlight----even though you should watch them all----would be the one with Roger Garrison. Dr. Garrison chats about business cycles and the myth that saving is "bad."
Watch Here at Youtube.
This book of Hazlitt's was first published in 1946. It is 2008 now, and it would be putting it mildly to say that the central lessons that are contained in this work have still not been learnt. (I guess economics is "the dismal science," as Thomas Carlyle called it.)
On Friday I was watching The McLaughlin Group and just could not believe what I was hearing. Now, true, I am just a dumb layman, but how individuals in the media are viewing this mess baffles my mind.
Thanks, Government. Thanks a lot.
Watch Jim Rogers at LRC.
Mr. Rogers, a great prophet of this depression, says that the bankrupt must go bankrupt. Everything the government is doing is the wrong move (surprise, surprise). The frightening thing is, the current gang in power is likely to cause an "inflationary holocaust" when they are done with us.
(Government power never works. For a new liberty, anyone?)
No Problem.
"You Cannot Patch a Busted Dam With Water."
Says Mr. Shedlock. (Via CharlesGoyette.com)
"Regulation: The Cause, Not the Cure, of the Financial Crisis."
Writes Dr. Long.
A World Central Bank?
It might be coming...
Read Dr. Hoppe's excellent 1990 essay "Banking, Nation States, and International Politics: A Sociological Reconstruction of the Present Economic Order" [PDF].
