The "Occupy" movement consists of economic ignoramuses who fail to understand that the banks’ dirty tricks, which they rightly deplore, are possible only because there is a state-licensed central bank that acts as a “lender of last resort,” and that the current financial crisis therefore is not a crisis of capitalism but a crisis of statism."Obsessed by Megalomania." By Hans-Hermann Hoppe, Mises Daily, 1/10/13.
January 24, 2013
First define the problem.
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