Philosophy and Methodology

"Market prices can get screwed up when the Fed tinkers with interest rates. Because of the distorted price signals, the actual real resources are invested improperly."

"In Thomist thought, reason and empiricism are not separated but allied and interwoven. Truth is built up by reason on a solid groundwork in empirically known reality. The rational and empirical were integrated into one coherent whole."

In a free market of justice, police making many errors would thus quickly be eliminated by bankruptcy.

Nonetheless, an important crack in the united macroeconomic front has been made with the admission that the policies are wanting and the neo-Keynesian establishment economics does not have a ready answer to explain either the causes or cures of such contemporary economic phenomena as inflationary recession.

Until that happy day when education is disestablished, Illich is searching for methods of moving strongly away from the public education system.

An "anarchic" private law society — is the answer to monarchy and democracy.

Murray Rothbard was a cheerful, sweet, likeable man who didn't hate anyone, especially fellow libertarians.

What Hazlitt is saying is this: "If we want to keep our free political system, here are the economic principles to which we must return."

That a functioning market presupposes not only prevention of violence and fraud but the protection of certain rights, such as property, and the enforcement of contracts, is always taken for granted.

Most people favor patent and copyright law because they believe that it generates net wealth — that the value of the innovation stimulated by IP law is significantly greater than the costs of these laws.