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“After the First World War in Germany, peace came with hyperinflation, which obliterated all wealth. The bonds of civilization fray during hyperinflation.” ~Barry Brownstein
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“Wasteful uses of resources necessarily result in some economic opportunities that are possible being rendered impossible. What were these foregone opportunities?” ~Donald J. Boudreaux
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“Each film contains a large dose of middle-American values magnified time and again against the traps and situations of a complicated impregnable bureaucratic world. And in each case, the little guy wins.” ~Will Sellers
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“By keeping prices down, and outputs and product varieties up, trade makes every dollar earned go further.” ~Donald J. Boudreaux
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“US history instruction, including at the college level, is badly out of sync with the scholarly literature on the Great Depression. History textbooks show little cognizance of the leading economic explanations for this famous event.” ~Phil W. Magness
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“In 1954, Harwood testified in the US Senate about the ‘advantages of returning to the full gold standard with the nation’s currency redeemable in gold coin on demand,’ as it had been throughout most of the nation’s history before the New Deal.” ~Robert E. Wright
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In this episode of Liberty Curious, Kate Wand sat down with Phillip W. Magness to discuss the true implications of tariffs and protectionism and how they have shaped America’s economic landscape.
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“The spontaneous order produced in a market or, in this case, the outcome of a market process that standardizes what a pencil means, is only defined as the process unfolds.” ~Byron B. Carson III
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Paul Mueller recently joined AIER as Senior Research Faculty. He spoke with Kate Wand and Liberty Curious to discuss the 2008 Financial Crisis: “Everything we’re seeing around us is a fallout from that crisis.”
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“Many African Americans carefully kept track of events in the town, seeing it as a test case for Booker T. Washington’s theory that a prerequisite for political rights was the slow accumulation of economic power.” ~David Beito
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“It is said that an armed society is a polite society. Smith, by analogy, suggests that an international cosmos of armed nations will be a polite international cosmos.” ~Daniel B. Klein
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“The contempt with which some native-born Americans today hold the people whom they fear would immigrate to the US under a more liberal regime differs not one iota from the contempt with which these same Americans’ immigrant ancestors were held by earlier generations.” ~Donald J. Boudreaux
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