Shawn Ritenour

The US “celebrates” its 250th birthday today, but not everyone is celebrating. We bring back a classic from 10 years ago that is even more relevant today.

Conflicts are not inherent in the operation of an unhampered market economy. There are conflicts between citizens because the government steps in and gives special privileges to some and not to others.

One of the great lessons of Mises’s Human Action is that the institutions of the free society—private property and sound money—make up the environment enabling economic progress, and hence, human flourishing. It is the book that made me an economist.