Many economists mistakenly believe taxation can be good for economic growth, that war can buck up prosperity, and that even natural disasters can spur wealth creation by causing people to spend. All of this is fallacy because it fails to consider the costs of destruction, the alternative use of resources, and the unseen effects of diverted uses of property.
The consequences of government control over such stock-market investments would be extremely grave, writes George Reisman. But there is another way.
Presented to the Auburn University Libertarians; Auburn, Alabama, on 3 February 2005.
Sponsored by the Mises Institute and held in Atlanta, Georgia; 26-27 September 1997.
If we continue to pay attention to authors like Schlosser and Ehrenreich who blame the free market for the problems we face, public support for the market will dwindle to less than it is already, and the prosperity that the free market generates will be destroyed.
The oft-heard tale about the sad plight of labor as versus capital is almost entirely false, writes Thomas Woods, author of a new book on American history.
Recorded 10/15/2004 at Radical Scholarship: The Guerrilla Movement for Liberty.
