More than that, these authors put pen to paper at precisely the right time in their intellectual development, that period rhapsodic freshness when a great truth had been revealed, and they had to share it with the world. Clearly, the authors fell in love with liberty and the free market, and wrote an engaging, book-length sonnet to these ideas.
(George Caleb Bingham, Stump Speaking, 1853–54) All rights reserved. ... will soon Free-market economics, of which the Austrian School is
the preeminent exponent, asserts that every govern-
ment intervention in the market generates conse-
quences that are deleterious for prosperity and human liberty.
However much such interventions may assist one group in
the short run, everyone is made worse off in the long run.
Government intervention destabilizes economic life in artifi-
cial ways, and ultimately does not work to bring about the
results that its proponents claim to desire....
Ron Paul is an amazing individual. Not only has he been the
most consistent voice for liberty in the U.S. Congress in our time—
perhaps in all time—but he is also surprisingly well versed in economic
theory. Indeed, if I were to dissect one of his speeches or
articles, I would have to treat him as I would a fellow economist,
not as “a politician.”
Economic growth in India has picked up in recent years, and like other integrating Asian economies, it
too requires large amounts of efficiently intermediated capital to sustain its development. However, an
important constraint to financial reform has been dealing with the vestiges of financial “repression”—
deliberate policies that crowd out the private sector from credit markets and limit the ability of financial
markets to develop as intermediaries for saving.