BankNotes – June 2013

I believe that it is imperative that the public recognize the devastating consequences of Keynesian thinking that has dominated the economic world since the early twentieth century. Not to mention the monetarist thinking of Milton Friedman that has compounded the problem. Also understand that this thinking cannot continue indefinitely into the future. I believe that it is evident that history has demonstrated this truth. Unless the problem is understood there is not much chance of a solution.

LMR – June 2013

What do the Austrians mean by the aggressive economic nature and consequences of government intervention? It seems unthinkable that we could explain this for all to understand in such few paragraphs since there are literally volumes written on this subject. But let us try since it affects each and every one of us.