People who warn about the insolvency of the U.S. government are wrong. A government that can legitimately print fiat currency can never really be insolvent, because more currency can always be printed to pay off debts and expenses. Because of their inability to print currency, U.S. states face real debt limitations. As California has discovered, [...]
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The year was 1943. Hitler’s Germany was in the midst of all-out war with Stalin’s Russia and Franklin Roosevelt’s United States. Isabel Paterson, a Canadian-American author, published The God of the Machine, which has become one of the more influential libertarian works of the twentieth century.
Filed under: Personal, Politics | Tagged: bentham, capitalism, economics, freedom, herbert spencer, history, hitler, Isabel Paterson, john locke, keynes, Marx, mill, Proudhon, rome, roosevelt, Rousseau | 2 Comments »
