“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”
~ Murray Rothbard
To have financial liberty, first a person needs to understand how and why we arrived at this point. Only then can you make decisions about your financial future and understanding what is happening to your financial liberty.
Financial liberty is more than the free market, however. It is allowing a person to use what money they prefer to use, when and where they want, without losing it to inflation or regulation. It is allowing investors to risk capital to create wealth, without “stacking the deck” or over-regulating them into artificial losses (they can of course always lose capital through the market, via poor investment or changes in the markets, that is the risk they assume, but they can also reap rich rewards).
Did you know that taking money out of the country is now restricted? You can be charged with “Money Laundering” for taking large sums of your own money outside the U.S.. Many, many other restrictions and fees have been created to limit U.S. citizens rights to travel. But forcing citizen’s money to remain here is the most damaging. It hearkens back to the days of East Germany and the Soviet State, where the currency was almost worthless outside their sphere. And with the dollar worth less than 5% of what it was worth years ago, the question to be asked is, “If our money becomes worthless, where can we go?” And the corollary, “And will the government stop us?”
Sound money is the core of a free society. Debt and worthless currency are the core of Tyrannies.
Money, Banking and the Federal Reserve – Mises.org
How an Economy Grows and Why It Doesn’t (by Irwin Schiff)