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.
No comments:
Post a Comment
Comments are moderated. I am entirely arbitrary about what I allow to appear here. Toss me a bomb and I might just toss it back with interest. You have been warned.
Note: Only a member of this blog may post a comment.