Other Schools of Thought

The connotation of unreality that the word has acquired follows from the fact that every utopia ignores the central operating lever of man: he seeks to satisfy his desires with the least expenditure of effort.

When he was in his 20s, having newly discovered libertarian ideas, having read Rand, Rothbard, Mises, Hayek, and others, having met Rothbard and conversed with him at length, Nozick was fired up with excitement.

The national furor over the TSA's new procedures has elicited the typical response from the bureaucracy and its apologists. These invasive scans and "enhanced pat-downs" are for your own good. You don't want another attack, do you?

If the entrepreneur aims at the highest possible profit, he performs a service to society in managing an enterprise. Whoever hinders him from doing this acts against the interests of society and imperils the satisfaction of consumer needs.

The economist should not allow his readers to accept the current myth that inflation is a scourge that governments try, with varying success, to keep in check. This myth is one of the consequences of economists generally failing to make explicit their assumptions.

R.C. wouldn't tolerate news stories that referred to the "public schools," for example. His reporters were required to refer to them as "government schools." R.C. himself preferred the phrase "gun-run schools" and used it liberally on the editorial page.

On the contrary, the record of nearly every government in the world, in our time, is one of recurrent or continuous monetary inflation. It is to this monetary inflation that the apparent "successes" of full-employment policies are due.

Like today’s central bankers, John Law proposed to “supply the nation” with a sufficiency of money.

Like today's central bankers, John Law proposed to "supply the nation" with a sufficiency of money. The increased money was supposed to vivify trade and increase employment and production — the "employment" motif providing a nice proto-Keynesian touch.

This arms deal is aggressive and demeaning; and it in no way protects the interests of the United States. Until our military is completely out of the Arabian Peninsula, we cannot expect to make any peace with foreign nations.