Terrorist or Hero? An Interview with the 'Rosa Parks of Monetary Liberty' by Scott Ledd. An Interview with the u201CRosa Parks of Monetary Liberty,u201D Bernard von NotHaus I’d like to invite you, Dear Reader, to participate in a brief thought experiment with me. Read the following statement, then shutter your vision for a moment and imagine in your mind’s eye what this scene and the person described therein would have looked like. Statement: I just completed an interview with a known terrorist. Our government recognizes him as a clear and present danger to the security of the United States itself. What did your terrorist look like? Now I am not a betting man, but if I were, I would be willing to wager your terrorist had a thick, black beard. Okay, now take that image in your mind, and compare it to the picture of the real person to which I refer below. Terrorist? Are you terrified yet? Most people are not aware that the US Constitution is very explicit in this matter.
u201CNo State shall… make any Thing but gold and silver Coin a Tender in Payment of Debts.u201D Interview: The Capitalism Site | Laissez-faire capitalism is the political economic system based on individual rights. The Dark Side of America's Growing Social Safety Net - Jordan Weissmann - Business. A University of Chicago professor argues that help for the poor might be worsening unemployment Reuters By now, we've all gotten used to the fights on Capitol Hill about extending unemployment benefits.
Each time they're about to expire, Democrats line up to renew them. Meanwhile, at least a few Republicans rise up to object. Their argument: By writing checks to the jobless, we're making it less likely that they'll go out and find work. This strikes many of us as ludicrous. Who, after all, would elect to stay unemployed? According to Mulligan's research, the portion of America's social safety net devoted to working-age adults has swelled over the past few years.
But what is the "safety net"? The graph below summarizes the paper's findings. The gist is that safety net spending is way up. What does this mean for a typical worker? That's a good thing. Maybe so. LewRockwell.com. Bye-bye Keynes? The eclipse of Keynesian economics proceeds. When Keynes wrote “The General Theory of Employment, Interest and Money” in the mid-1930s, governments in most wealthy nations were relatively small and their debts modest.
Deficit spending and pump priming were plausible responses to economic slumps. Now, huge governments are often saddled with massive debts. Standard Keynesian remedies for downturns — spend more and tax less — presume the willingness of bond markets to finance the resulting deficits at reasonable interest rates. If markets refuse, Keynesian policies won’t work. Countries then lose control over their economies. They default on maturing debts or must be rescued with loans from friendly countries, the International Monetary Fund (IMF), government central banks (the Federal Reserve, the European Central Bank) or someone.
There is no automatic tipping point beyond which a country’s debt — the sum of past annual deficits — causes bond markets to shut down. I am less sure. Ludwig von Mises Institute. Stop Spending Our Future - The Crisis. Milton Friedman on Slavery and Colonization. CH-3. Peter Schiff: Why College Tuition Is So Expensive.