Friday, August 09, 2013

Josep T. Salerno: The Birth of the Austrian School

  It is time for education - will it be different this time or basic laws of human nature and economics will be shaping the future even in the times of Great Deformation?

Austrian School of Economics: The Gold Standard in Theory and Myth by Joseph Salerno

"Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law . . . economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics."
— Ludwig von Mises, in Austrian Economics: An Anthology

What Is Our Money And Why China Plans To Move To A Gold Backed Yuan Currency.

  "This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."

Enhanced by Zemanta
Post a Comment