It is official: Janet Yellen will be confirmed as Federal Reserve Chairman.
This is a…
For the naïve mind there is something miraculous in the issuance of fiat money. A magic word spoken by the government creates out of nothing a thing which can be exchanged against any merchandise a man would like to get. How pale is the art of sorcerers, witches, and conjurors when compared.
– Ludwig von Mises
h/t to KMR