I'm A Better Economist Than I Was

I'm Not Denying That Monopolies Are Terrible Things, But I Am Denying That It Is Readily Easy To Resolve Them Through Legislation Of That Nature.

The Abandonment Of The Gold Standard Made It Possible For The Welfare Statists To Use The Banking System As A Means To An Unlimited Expansion Of Credit. In The Absence Of The Gold Standard, There Is No Way To Protect Savings From Confiscation Through Inflation. There Is No Safe Store Of Value. Deficit Spending Is Simply A Scheme For The Hidden 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.

What An Ideology Is Is A Conceptual Framework With The Way People Deal With Reality. Everyone Has One. You Have To, To Exist You Need An Ideology. The Question Is Whether It Is Accurate Or Not.

Whatever You Tax You Get Less Of.

I Love To Play Tennis And Golf, Listen To Music, Watch Baseball And Root For The Redskins.