It's not as if socialism is a new idea. It was tried in the 20th century. It produced economic stagnation and despair. In its purest form, it extinguished more than one hundred million people. Llewellyn Rockwell More Quotes by Llewellyn Rockwell More Quotes From Llewellyn Rockwell It is not caving in to the bees to stop poking a stick into their hive. Llewellyn Rockwell hives sticks bees The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation. Llewellyn Rockwell cash banking hands
