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Video: Learning from an Old Coen Bros. Flick

Post author By Redactor
Post date April 4, 2015
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Milking a 1990s comedy for its economic lessons.

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The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in raising a hue-and-cry about “inflation,” for which virtually everyone else in society seems to be responsible. What we are seeing is the old ploy by the robber who starts shouting “Stop, thief!” and runs down the street pointing ahead at others.
Murray N. Rothbard, The Case Against The Fed (1994), as quoted by Douglas French, “The Case Against the Fed: How Do We Eliminate Inflation and the Boom-Bust Cycle” (FEE, November 1, 1995).

— Murray N. Rothbard