Ever since I first read Mises and Hazlitt and Rothbard so many years ago, I’ve known that we faced a huge financial crisis, brought on by the Federal Reserve and the leviathan state, unless we had monetary reform. The political question was always this: when we had another great depression, or a great inflationary depression, wouldn’t it just empower FDR II and a more fully fascist new deal? Wouldn’t public opinion demand the omnipotent state? Echoing Murray, I always answered: not if we do the necessary intellectual ground work. Not if we have taught enough young people about Austrian economics. … Continue reading Mussolini or Jefferson