A great debate between Bernard Malamud and Lawrence E. Reed over FDR’s economic policies during the Great Depression. It is a bit long, but well worth the time.
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation. ~Ludwig von Mises
Why is this concept so hard to understand? …Listen to these two statists make some of the worst arguments you will ever hear against private fire protection…
Keynesian CHEAT SHEET: A short primer to help you translate articles when reading these esoteric phrases: “more help from the federal reserve will likely be needed …”Translation: “more heroine is likely needed to be injected into this man dying of a heroine overdose…” “the fed needs to do more stimulus…”Translation: “the us dept of money […]
One Reply to “FDR’s Depression Policies Debate”
Fascinating…and I agree with all of it. Keep up the great work…I will undoubtedly be back shortly
Fascinating…and I agree with all of it. Keep up the great work…I will undoubtedly be back shortly