Is there any comparison to be made between the current suppression of interest rates by the Fed and its suppression of interest rates in the 1920s? With sovereign defaults on the horizon, …………………..
Will Governments Respond Globally or Just Act Independently?
Hardly anyone talks of the table of virtues and vices anymore — which includes the Seven Deadly Sins — but in reviewing them, we find that they nicely sum up the foundation of bourgeois ethics, and provide a solid moral critique of the modern state.……….we do need to observe that vices and virtues — and our conception of what constitutes proper behavior and culture generally — have a strong bearing on the rise and decline of freedom.
— Llewellynn H. Rockwell Jr.