"Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop." - Ludwig Von Mises
Author Nathan Lewis discusses the end of deficit spending and a huge victory for Austrians everywhere.
The beginning of the Keynesian Era can be dated, perhaps, to September 1931 - the year when Britain intentionally devalued the pound, throwing the world into turmoil and currency conflict. Today, we are again in an extended period of economic crisis. However, I suspect that this will turn out to be the end of the Keynesian Era - the time when it is, in fact, Keynesianism itself which destroys us.
Galt’s Gulch postcard.
“I am not a sacrifice on their alters.”