Mises Daily

To Marx, each individual's thinking is all determined not by his personal self-interest but by the interest of the class to which he supposedly belongs.

Inflation did not benefit the poor; wages lagged behind the rise in prices during inflations, especially behind agricultural prices.

The siren song of a stable price level has lured leading politicians and economists as early as 1911.

In a slave system, threats of brutality underlay the whole relationship.

The so-called progressives sought to shape and control selected aspects of American family life, including education, work, liquor consumption, suffrage, and family size. 

Conservative icon William F. Buckley wanted a "totalitarian bureaucracy within our shores" to combat the communist threat. Far too many modern Chinaphobes are embracing a similarly deranged policy. 

The role of commercial banks in money creation is made more clear by the fact the Fed is primarily interested in creating demand deposits rather than cash. This creates a larger foundation on which commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."

The rebels' overriding grievance was against the tax farmers and tax officials: "It is they who have forced [the peasants] to take up arms, changing their ploughshares for swords, in order to ask Your Majesty for justice or else to die like men."

It would be instructive to see how many banks would survive if the massive governmental props were finally taken away.

Karl Marx portrayed a horrifying and violent state of society which is allegedly necessary "to reduce all to a common level."