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When Can We Get Underway, Dammit!
There perhaps is no more apt analogy for our current financial crisis than the USS Titanic. Mr Ismay with his fateful line “when can we get underway, dammit!” embodies current American sentiments like “we can’t let this crisis slow us down,” “how can we fix this?” and “the USA’s banking system is just too robust […]
Commodity Prices During “The Bernanke Era”
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