Microeconomics: The study of who has the money and how I can get my hands on it.Macroeconomics: The study of which government agency has the gun, and how we can get our hands on it.
Gary NorthKarl Marx was the foremost hater and most incessant whiner in the history of Western Civilization. He was a spoiled, overeducated brat who never grew up; he just grew more shrill as he grew older. His lifelong hatred and whining have led to the deaths (so far) of perhaps a hundred million people, depending on how many people perished under Mao's tyranny. We will probably never know.
Gary NorthHe who bets on governments and government money bets against 6,000 years of recorded human history.
Gary NorthThe goal of the FED, as with all central banks, is three-fold: (1) to protect the largest commercial banks from their depositors, who occasionally exercise their contractual right to withdraw currency (the ungrateful cads); (2) to control entry of newcomers into the bankers' cartel (interlopers); (3) to keep the stock market from collapsing in a panic, thereby persuading depositors to withdraw currency
Gary North