“The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception.”

The only short happy period I know of was the Clinton yeas.

Hayek needs to read article one section 8 of the US Constitution

The main cause for a successive and an unjustifiable 'differentiation' between Public finance and Private finance has been the ridiculous acts of doing away with 'economic ethics' ... in the name of Ism-s of sorts like capitalism, communism. feminism. and worst of all secularism - which has no etymological validity even !! Economics has slid down from the sublime to the ridiculous as it were....

Economics is politics in disguise. A fool and his money are soon parted. When the People no longer demand that their representatives obey the rules of their offices, it is only a matter of time before the servant government assumes the role of masters of us all. Our entire economic system is now a system of fraud -- there is no money, only promises of money and an unpayable debt the price of which is 90% of one's labors and property over a lifetime -- actually they take it all and you still owe more. The Federal Reserve is the biggest fraud of them all.

Succinct and Accurate

WOW !! Really ?!?! Someone give this man a cookie and a gold star....STAT !! I suppose I'll give him 4 stars....it's concise, short, entertaining ( inspired me to comment with sarcasm ) so while a little imperfect, it still winds up coming out with all the right stuff.