The Depression Reader, a look into Austrian economics...

Someone once remarked that the best indicator of a recession is the number of times "Mises" "Hayek" or "Austrian" appear in the newspapers. During the boom, no one wants to listen to the lessons of the Austrian economists. No one wants to hear that we need to live within our means – that the Federal Reserve does not have the power to print us into prosperity by artificially creating credit. So while the writers of LewRockwell.com were warning against the housing bubble and the inflationary nature of the Fed, the mainstream was touting the economic wisdom of Bernanke and Greenspan. When this recession hit, it seems everyone except the Austrians was caught off guard. Commentators, bureaucrats, and politicians began panicking, "Something must be done! This is Something…therefore it must be done!" 

Instead of looking to the mainstream for answers to this crisis, why not look to those who saw it coming? More...

See also:

• Lew Rockwell: Yesterday was one of the worst days in decades for the power elite.
• It doesn't matter who gets elected, says Lew Rockwell, the State always wins...
• To be free you have to be armed, says Reese...
• A bad day for Wall Street, but a good day for Democracy...