The Road Ahead
from Mises Media Hosted by Murray N. Rothbard
The transition problem. Rothbard weighs forcing deflation down to the existing gold stock against raising the gold price to match the dollar supply, defends deflation against its reputation, and sets out a six-point program. He parts with Mises and Hazlitt on sequencing, and closes by insisting that scholars must argue for what is true rather than for what is currently expedient.
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