Philosophy and Methodology

Preface to Theory and History by Ludwig von Mises.

Narrated by John Pruden.

Money and wealth are distinct, and we should not assume that a fall in the stock indices necessarily means that "that money" has now been transferred someplace else.

People rebel against the insight that the malinvestment and overconsumption of the boom period are the cause of the bust.

The state makes a mess of everything it touches.

The truth of the matter is that, far from causing starvation and famines, it is the speculator who prevents them.

To put it differently, morally significant action has to be freely chosen, not mere proper behavior.

You cannot measure the immeasurable.

Rothbard was a man of great achievement and immense scholarship, an indefatigable worker, and the most significant anarchist writer then living — i

If the dictator invests more and thus curtails the means available for current consumption, the people must eat less and hold their tongues.

Anyone who champions the well-being of society should especially celebrate commercial centers, stock markets, international trade, and every sector