2009 Web Version
Back in print for the first time in 40 years!
The Austrians were right
Remarks in the U.S. House of Representatives
November 20, 2008
“Except for a rare few, Members of Congress are unaware of Austrian Free Market economics. For the last 80 years, the legislative, judiciary and executive branches of our government have been totally influenced by Keynesian economics. If they had had any understanding of the Austrian economic explanation of the business cycle, they would have never permitted the dangerous bubbles that always lead to painful corrections.
“Although it is obvious that the Keynesians were all wrong and interventionism and central economic planning don’t work, whom are we listening to for advice on getting us out of this mess? Unfortunately, it’s the Keynesians, the socialists, and big-government proponents.
“Who’s being ignored? The Austrian free-market economists—the very ones who predicted not only the Great Depression, but the calamity we’re dealing with today. If the crisis was predictable and is explainable, why did no one listen? It’s because too many politicians believed that a free lunch was possible and a new economic paradigm had arrived. But we’ve heard that one before—like the philosopher’s stone that could turn lead into gold. Prosperity without work is a dream of the ages.
“The good news is that Austrian economists are gaining more acceptance every day and have a greater chance of influencing our future than they’ve had for a long time.
“The choice we face is ominous: We either accept world-wide authoritarian government holding together a flawed system, OR we restore the principles of the Constitution, limit government power, restore commodity money without a Federal Reserve system, reject world government, and promote the cause of peace by protecting liberty equally for all persons. Freedom is the answer.”
The commie who controls the economy from the grave
December 5, 2008
(Praise for Keynes at Harvard.)
“Written in impeccable prose, and sponsored (decades ago) by an organization of disaffected conservative Harvard alumni, Keynes At Harvard rightly points out that Keynes’s theory is not economics, but a left-wing political theory. Duly, Keynes’s political creed guaranteed a hand-in-glove relationship between the state and its stooge economists. Most of what Keynes advocated entails giving the state enormous confiscatory powers.”
The function Of money—A medium of exchange
“Zygmund Dobbs, writing for the Veritas Foundation in two books, Keynes At Harvard & The Great Deceit, showed how British Fabian Socialist tactics & values became dominant on American campuses. We highly recommend these works for those wishing to study a notorious charlatan. Those familiar with our Conservative Debate Handbook, may also take note of the section on Keynes in Chapter 16. (Keynes, of course, was the Fabian’s economic guru.)”
RECOMMENDED BY CONGRESSMAN RON PAUL
And he causeth all, both small and great, rich and poor,
free and bond, to receive a mark in their right hand, or in their foreheads:
And that no man might buy or sell, save he that had the mark,
or the name of the beast, or the number of his name.