The State is the group within society that claims for itself the exclusive right to rule everyone under a special set of laws that permit it to do to others what everyone else is rightly prohibited from doing, namely aggressing against person and property.
Remove all government impediments to effective entrepreneurial planning: avoid protectionist measures internationally; allow prices and wages to adjust as needed to restore market equilibrium. Not only cut tax rates, as was done in the incomplete reforms of the 1980s and early in this century, but, per Rothbard, drastically reduce the government budget, both taxes and expenditures.
Market prices turn incomprehensibly complex relationships into very simple ones.
"All of this government intervention will only spawn new malinvestments and later depressions."
Unjust combatants who feared punishment at the end of the war might be more reluctant to surrender, preferring to continue to fight with a low probability of victory than to surrender with a high probability of being punished.
Libertarians have been critical of zoning laws, which restrict the ability of property owners to develop their property or use it for their desired purposes.
True prosperity did not return until "the federal government relinquished its stranglehold on the American economy."
The wealth that strip-club patrons and strip-club moguls thought they had to throw around was but an illusion, and the reality is sobering for the entertainers, cabbies, politicians, and others who have been riding the strip-club boom.
Bubble activities are not self-funded; they require money "out of thin air," which is employed to divert real savings to them from wealth generators.
