Philosophy and Methodology
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Money vs. Wealth
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.
The Market Economy as Affected by the Recurrence of the Trade Cycle
People rebel against the insight that the malinvestment and overconsumption of the boom period are the cause of the bust.
Defending the Speculator
The truth of the matter is that, far from causing starvation and famines, it is the speculator who prevents them.
Milton Friedman and the Human Good
To put it differently, morally significant action has to be freely chosen, not mere proper behavior.
Murray Rothbard at His Semicentennial
Rothbard was a man of great achievement and immense scholarship, an indefatigable worker, and the most significant anarchist writer then living — i
