A Hayek Take On Cyprus Banking Troubles

Posted by khalling 9 years, 3 months ago to Economics
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this is an excellent blog we follow out of NZ.
Esklo, I thought you in particular might find interest as you're in the same business. Peter has a great logo-check that out, even if you're not interested in the article!
SOURCE URL: http://pc.blogspot.mx/


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  • Posted by ObjectiveAnalyst 9 years, 3 months ago
    There is a lot to appreciate here.
    The piece, “The Illusion of Wealth: Ludwig von Mises on the Business Cycle” is exceptional.

    I also found this in the next piece “Death to those who say….” relevant to our earlier conversation on your Forbes ... thread.
    *Yes, there are foolish patents granted, but this is an argument for improving the Patent Office, not to demolish patents altogether.
    It is the bottom line… for good reason.
    It is indicative of a common failure of government and regulators who foster or allow the system to be exploited, not the basic premise of the system.

    “The state is that great fiction by which everyone tries to live at the expense of everyone else.”
    ― Frédéric Bastiat
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