Let every nation, right now, do what is best for all citizens of the world: eliminate every form of intervention that would prevent or otherwise hobble mutually beneficial trade between any two parties anywhere in the world. No bureaucracy can help us toward that goal; it must come from a growing realization of the merit of freedom itself.
Llewellyn RockwellAll the stuff that makes life worth living is produced privately, and all that the government does is slow down the progress of civilization and bring destruction and disaster wherever it goes.
Llewellyn RockwellLibertarianism is a theory of politics that is so compelling that once you have absorbed it, it becomes the lens through which you end up understanding all economic and political events.
Llewellyn RockwellIf credit expansion, protectionism, and government spending were a path to prosperity, mankind would have long ago created heaven on earth.
Llewellyn RockwellThe Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation.
Llewellyn Rockwell