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Boom and Bust
The Political Economy of Economic Disorder
Originally published in Journal of Libertarian Studies
By taking a variety of steps to remove money from the category of a nationalized industry, the ability of the ordinary vicissitudes of politics to promote economic disorder would he lessened. Without such steps, we can expect to remain plagued by disorder.
By taking a variety of steps to remove money from the category of a nationalized industry, the ability of the ordinary vicissitudes of politics to promote economic disorder would he lessened. Without such steps, we can expect to remain plagued by disorder. The denationalization of money and the restoration of competition in banking and in the supply of money will not, of course, remove all sources of economic disorder, but a gigantic first step in the right direction will have been taken.
Read the article at Mises.org.
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