Other Schools of Thought

Plato was the first of the “planners” and the true founder of socialism.

"Preservation of the tariff, by which the North exploited the South's economy, ranked foremost in Lincoln's calculus of reasons to launch the war, and emancipation of the slaves not at all."

The attempt to enforce equality violates human nature.

Wall Street — especially since this financial crisis began — has been anything but a bastion of laissez-faire capitalism.

Interviewed by Terry O’Neill and Ron Gray on the “RoadKill Radio” internet radio program, Vancouver, Canada; 11 August 2009.

To support his view that a market economy can effectively wage modern war, Mises advances a surprising claim about the early part of World War II.

The right path to healthcare reform is the market path (no subsidies, no monopolies such as drug patents, no licensure, no anything) that tends toward universal distribution at very low prices and relentless improvement in service. The wrong path is to make healthcare run the same way as the post office.

Only the Austrian School can explain how the central bank causes boom – bust cycles, and why "stimulus" deficit spending only makes things worse.

These advocates of a "mixed economy," well meaning and sincere though they may be, fail to realize that there can be no such thing as a "mixed economy" — part capitalistic and part socialist. Production is directed either by the market or by a National Production Authority.

"The state as an abstract entity took on bodily form and was revealed, in the world wars of the 20th century, to be an all-devouring monster."