"To understand the current monetary chaos, it is necessary to trace briefly the international monetary developments of the twentieth century, and to see how each set of unsound inflationist interventions has collapsed of its own inherent problems, only to set the stage for another round of interventions. (...) As we face the future, the prognosis for the dollar and for the international monetary system is grim indeed. (...) The prospect for the future is accelerating and eventually runaway inflation at home, accompanied by monetary breakdown and economic warfare abroad. This prognosis can only be changed by a drastic alteration of the American and world monetary system: by the return to a free market commodity money such as gold, and by removing government totally from the monetary scene." (Murray Rothbard, "What Has Government Done to Our Money?") mises.org/money/3s13.asp
Posted on: Sat, 03 Aug 2013 22:03:04 +0000
Trending Topics
Recently Viewed Topics
© 2015