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  • Americas Economic Myths - David Saied - Mises Institute

    best article I have seen explaining Ron Paul's CORRECT position on inflation in a while. OK, mises.org just earned itself a thumbs up. Finally someone explaining things as they should be explained, even if it misses an even more important point (Land ownership amounts to enslavement of... more

    Reviewed by stevedtrm Sep 29 2008, 09:31am ( 34 reviews ) • mises.org

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  • Rated by locomoncayo on Aug 04, 9:01pm

    they're all myths, if you believe in the free market

  • Rated by thebestwalrus on Jul 14, 10:00pm

    Hey LibrarianofBabel. You must be right because you have properly marginalized the people you disagree with.

  • Rated by UnicornisBryden on Apr 04 2009, 7:57pm

    Great website

  • Rated by muppetcakes on Mar 17 2009, 6:43am

    When the Fed artificially lowers interest rates, it does so below the market rate, which would be established at the intersection of the aggregate supply and aggregate demand of money. A rate below the market rate creates a higher demand for credit; thus people and companies get into debt beyond normal levels. On the other hand, low savings-account rates push people to withdraw money, lowering the market supply of funds. These dislocations are at the root of the eventual credit crisis, which follows the boom period that was caused by artificially low interest rates. The only way...new workers can increase their consumption beyond what they produce is through credit. Thus we return to the real culprit behind inflation: credit expansion due to central banks' intervention in the financial markets.

  • Rated by Owlsley on Jan 12 2009, 11:32pm

    holy crap, get your head straight before you try to write. dependence on foreign oil is a problem when our access to a vital strategic resource can be cut off by foreign powers, such as in the case of embargoes. but those have never happened to america, right?

  • Rated by gourmety on Nov 09 2008, 10:32am

    This article is disingenuous. Some of it is true, but it avoids the underlying reasons that these ideas are popularized. The simplest example is that they're assuming we want to be 100% energy independent for economic reasons. 99% of people that bring up the subject are referring to how our energy dependence adversely affects our national security. Gah!

  • Rated by LibrarianOfBabel on Nov 08 2008, 11:17am

    Austrian School economics: for armchair enthusiasts, clueless middle-class libertarians and free-market ideologues who suck at science.

  • Rated by chubbsypeterson on Nov 05 2008, 9:17am

    Thanks for the insight. i really enjoy when groups or individuals make difficult issues easy to understand and you do a great job of that.