Milk in its natural state — raw milk — is consumed by very few Americans, because it is illegal in many states and thoroughly discouraged by federal health organizations, regulators, and the Big Dairy lobby. Its dangers are minimal, and those are due to its prohibition.
Governments and their intellectual front men believe that nothing unites a population like a war. Actually, that's not quite true. If you truly want to unite a population, here is a key: drive the dictator out of the country. The fleeing of a despot always leads to unparalleled and authentic celebration.
[Excerpted from chapter 4 in part 1 of the The Turgot Collection
In the standard Austrian theory of the business cycle, the question is not "How do we get out of a recession?" Rather, the question is "How do we avoid the boom?" According to the Mises-Hayek theory, the preceding boom makes the corrective bust <i>inevitable</i>.
Here is an archetype of disgusting protectionism — benefiting special interests, pillaging consumers, and impoverishing foreigners.
The underpricing of risk led Icelandic banks to take on liabilities denominated in foreign currency.
There is always some great excuse for the trashing of the human freedom that built civilization as we know it. If the state cannot find one, it is glad to invent one. A population that is ideologically gullible or afraid for its security will permit government to run roughshod over rights and liberties.
