I recently provided evidence that banks create credit out of thin air.I’ve just found two more pieces of evidence:(1) William C. Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York, said in a speech last July:Based on…
Posts Tagged ‘economist milton friedman’
Hayek: “Emergencies Have Always Been the Pretext on Which the Safeguards of Individual Liberty Have Erodedâ€
November 14th, 2009 |
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Well-known Austrian economist Friedrich von Hayek wrote:”Emergencies†have always been the pretext on which the safeguards of individual liberty have eroded. Rahm Emanuel famously said:Never let a serious crisis go to waste. What I mean by that i…