Interventionism

It is no accident that Germany, the country that inaugurated the social-security system, was the cradle of both varieties of modern disparagement of democracy, the Marxian as well as the non-Marxian.

The United States imposes import quotas that substantially raise domestic sugar prices, harming domestic consumers to benefit politically powerful domestic sugar producers.

The imposition of Colbert's regime of statism, monopoly, and prohibitive tariffs, combined with Louis XIV's high taxation and centralization, gave rise, by the late 1660s, to a growing tide of opposition by merchants and nobility alike.

"Within the Misesian-Hayekian framework, the only permanent solution to existing malinvestment is to allow its liquidation and the readaptation of the structure of production."

Recorded at Mises University 2010. Includes an introduction by Mark Thornton.

"The sole difference between a gossip and a blackmailer is that the blackmailer will refrain from speaking — for a price."

Contributors to Liberty who rejected intellectual property as a natural right were not hostile to copyright or patent enforced by contract.

"Contrary to Krugman and other commentators, we suggest that the best economic policy for the Fed and the government is to do nothing as soon as possible."

The ensuing debasement of the currency is the economically devastating outcome of central banks' unlimited power to suppress the interest rate. This, in turn, is the result of the government taking full control over money production.

The rich can indeed help us all, not by spending but by being thrifty and even miserly for as long as necessary to fix what the government has broken.