[PuzzledInTX]

Please read the whole speech at the link, it is well worth your time. This is not MY speech, but Robert Wenzel's. This is incredible, courageous truth. Wish I could see the audience reaction and if anyone had ears to hear. It's a wonder that Mr. Wenzel is still standing.

[Red Badger]

There are no absolutes.........

[the invisib1e hand]

Let’s have one good meal here. Let’s make it a feast. Then I ask you, I plead with you, I beg you all, walk out of here with me, never to come back. It’s the moral and ethical thing to do. Nothing good goes on in this place. Let’s lock the doors and leave the building to the spiders, moths and four-legged rats.

last one out take the gold.

[Tublecane]

We should dump copies of “Human Action” on Ben Bernanke from a helicopter. But it’s not about him, really. All of congress, the white house, SCOTUS, state and local governments, economists, academia in general, the intellectual class in general, members of the MSM, and the public at large ought to be familiar with the impossibilty of economic calculation without free market prices.

[lurk]

Solzhenitzyn observed decades ago that collectivism is an economic model and simply that. It fails to factor in human behavior, and hence, fails.

[Reverend Wright]

I don’t think this guy has any more answers than Bernanke. Here is a takeaway quote from his speech:

“.Austrian business cycle theory (ABCT), developed by Mises, Hayek and Rothbard, has warned about all these things. According to ABCT, it is central bank money printing that causes the business cycle...”

Here is the problem, there was all kinds of business cycles in the 19th century (and more extreme than the 20th century).

http://www.nber.org/cycles.html

I think any sensible person should be skeptical of this guy, and not give him a pass on nonsense just because he is a “conservative”

[LearsFool]

It's a wonder that Mr. Wenzel is still standing.

No, it's an indication that he poses no threat.

This speech is like writing a letter to one's congressman. It "sends a message". (In other words, it accomplishes nothing except to make us feel better.)

[Whenifhow]

The speech was also posted on the link below and included the “afterword” which describes the audience reaction to the speech and the Q & A after the speech.

http://mises.org/daily/6028/New-York-Fed-Leave-the-Building