There have been unions based on gold or silver, but not on fiat money - money tempted to inflate - put out by politically independent entities.

Not all schooling is education nor all education, schooling.

If freedom were not so economically efficient it certainly wouldn't stand a chance.

What happened was that for every $100 of money, by which I mean the cash that people keep in their pockets, and the deposits they have in the bank, for every $100 of money that there was in 1929, by 1933 there was only $67. The Federal Reserve allowed the quantity of money to decline by a third. While, at all times, it had the possibilities and the power of preventing that from happening.

Positive economics is in principle independent of any particular ethical position or normative judgment...In short, positive economics is or can be an "objective" science.

I believe that the monetary stability is an absolutely critical element in the satisfactory operation of a system.

People hired by government know who is their benefactor. People who lose their jobs or fail to get them because of the government program do not know that that is the source of their problem. The good effects are visible. The bad effects are invisible. The good effects generate votes. The bad effects generate discontent, which is as likely to be directed at private business as at the government.