mercoledì 13 maggio 2009

The Founding of the Federal Reserve

The Founding of the Federal Reserve

Lew, following up on your comment, Murray Rothbard points out here that when, say, the government puts a tariff on steel, everyone pretty much understands that the steel industry by and large supports and probably lobbied for it, and that it's obviously not being done out of a disinterested commitment to the common good. But as soon as you suggest that regulations, wars, the Fed, etc., might be similarly motivated, you've committed thoughtcrime.



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