All Hail Savings

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Don’t miss this important paper by economist and libertarian philosopher Hans-Hermann Hoppe on the social benefits of savings. He demolishes both the Keynesians and all those influenced by Keynes, which is almost the entire economics profession – inluding the monetarists and some “free bankers” – plus politicians, bureaucrats, central bankers, and the media. Yet people, especially now, save, ought to save, and must save. And despite the anti-savings propaganda, they feel good about it. As well they should! NB: this is a technical paper, but like all Hoppe and the other great Austrians, it’s accessible to the intelligent layperson. So read it!

11:33 am on May 14, 2009