Thursday, January 24, 2013

First define the problem.

The "Occupy" movement consists of economic ignoramuses who fail to understand that the banks’ dirty tricks, which they rightly deplore, are possible only because there is a state-licensed central bank that acts as a “lender of last resort,” and that the current financial crisis therefore is not a crisis of capitalism but a crisis of statism.
"Obsessed by Megalomania." By Hans-Hermann Hoppe, Mises Daily, 1/10/13.

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