My Mises Daily article from last Thursday was reposted in its entirety in this weekend’s edition of LewRockwell.com. He teases it on his homepage with the title “The Right to Discriminate.” Pretty cool!
Lew Rockwell writing in last Friday’s Mises Daily:
We do not need “monetary policy” any more than we need a paintbrush policy, a baseball bat policy, or an automobile policy. We do not need a monopoly institution to create money for us. Money, like any good, is better produced on the market within the nexus of economic calculation. Money creation by government or its privileged central bank yields us business cycles, monetary debasement, and an increase in the power of government.