Jeff Deist is president of the Mises Institute, where he serves as a writer, public speaker, and advocate for property, markets, and civil society. He previously worked as a longtime advisor and chief of staff to Congressman Ron Paul, for whom he wrote hundreds of articles and speeches. In his years with Dr. Paul he worked with countless grassroots activists and organizations dedicated to reducing the size and scope of government.
Jeff also spent many years as a tax attorney advising private equity clients on mergers & acquisitions.
The answer to our coming economic woes lies in recognizing that no monetary policy tinkering can replace the fundamental corrections that must take place: bankruptcy, liquidation and restructuring of firms to clear out bad debt; higher interest rates to encourage capital formation and discourage more malinvestment; an end to direct bailouts by Congress and roundabout bailouts by the Fed; and a serious program of spending and debt reduction in Washington that spares neither entitlements nor defense.
“For all her material comforts and ubiquitous technological devices, America is a profoundly uneasy place today,” says Jeff Deist, president of the Mises Institute, a libertarian think tank in Auburn, Ala. “This results directly from what we can only call the politicization of everything – from where you live and what kind of work you do to whom you date to whether you get married.”