Entrepreneurship

By Mises' teachings he has sown the seeds of a regeneration which will bear fruit as soon as men once more begin to prefer theories that are true to theories that are pleasing.

Nock was opposed to the state system, whatever name it assumes, but he was not an anarchist.

Nevertheless, if we wish to save the capitalist system (or perhaps, to reinstate it), we must reexamine what made this system so successful in the first place, as well as which forces constitute the greatest threats to its existence.

The system of voluntary exchange and experimentation based on secure private-property rights — what we loosely call "capitalism" — expands rather than restricts our material and nonmaterial opportunities.

The more entrepreneurs can engage in peaceful and coordinating actions that try to satisfy demands of consumers, the less likely war is made.

Halloween was all about treats, and, despite what the opponents of the exchange economy will tell you, there was no trick about it anywhere you looked.

"Where the state is god and the 'public interest' worshipped, individual man will be found bleeding upon the altar."

Obviously, the free movement proviso is a far-reaching restriction of the property right of route owners as it would be defined according to the "freedom as property" conception, but it is not an arbitrary restriction — in fact, it is rooted the idea of freedom, which is, or should be, the supreme libertarian value.

"Thus, the famous 'one-in-eight' hungry Americans include all Americans living in households that, until 2005, were described as food insecure, but without hunger."

"Without the historical act of saving, which is now embodied in capital goods, there would be no economy at all."