CJay Engel

“There is something poignantly pathetic in the picture of this valiant fighter—this arrogant ja-sager—this foe of men, gods and devils—being nursed and coddled like a little child. His old fierce pride and courage disappeared and he became docile and gentle. “You and I, my sister—we are happy!” he would say, and then his hand would slip out from his coverings and clasp that of the tender and faithful Lisbeth. Once she mentioned Wagner to him. “Den habe ich sehr geliebt!“ he said. All his old fighting spirit was gone. He remembered only the glad days and the dreams of his youth.”
― H.L. Mencken, The Philosophy of Friedrich Nietzsche

“On economic matters Garrett had a brilliant simplicity. In November 1913, while editor of the Annalist, he began a monthly column on money in Everybody’s, writing as John Parr. One of the most common questions from readers was why the government simply didn’t print money to spend on public works, instead of borrowing it at interest. It was a variant of the Coxey idea. Garrett explained that money is not wealth, but a claim on wealth, and that you do not add to wealth by creating more claims to it.4”
― Bruce Ramsey, Unsanctioned Voice: Garet Garrett, Journalist of the Old Right

“Analysis predating [Milton] Friedman's gave a different answer to question of the Fed's policy errors [during the Great Depression] and new scholarship is validating the old wisdom. It now appears that Friedman will be merely an interlude between the sounder analysis of economists contemporary to the Great Depression and those who have rediscovered their insights. --Jeff Herbener”
― David Howden, The Fed at One Hundred: A Critical View on the Federal Reserve System

“Of all the tragedies wrought by this collective amnesia in economics, the greatest loss to the world is the eclipse of the “Austrian School.” Founded in the 1870s and 1880s, and still barely alive, the Austrian School has had to suffer far more neglect than the other schools of economics for a variety of powerful reasons. First, of course, it was founded a century ago, which, in the current scientific age, is in itself suspicious. Second, the Austrian School has from the beginning been self-consciously philosophic rather than “scientistic”; far more concerned with methodology and epistemology than other modern economists, the Austrians arrived early at a principled opposition to the use of mathematics or of statistical “testing” in economic theory. By doing so, they set themselves in opposition to all the positivistic, natural-science-imitating trends of this century. It meant, furthermore, that Austrians continued to write fundamental treatises while other economists were setting their sights on narrow, mathematically oriented articles. And third, by stressing the individual and his choices, both methodologically and politically, Austrians were setting themselves against the holism and statism of this century as well.”
― Anonymous