Profit and Loss
In the eyes of the parties who style themselves progressive and leftist the main vice of capitalism is the inequality of incomes and wealth.
In the eyes of the parties who style themselves progressive and leftist the main vice of capitalism is the inequality of incomes and wealth.
It is not surprising that Mises was strongly opposed to the idea that central banks should impose "low" interest rates during a recession in order to keep the economy going.
The best the state can do to bring about this ideal is to stop interfering in all manner of social and economic relations between people.
This remarkable book is a sustained attempt to solve what its authors term "liberalism's problem." In a liberal society, people are free to live as they wish, so long as they do not violate the rights of others.
Critics of the Iraq war have sometimes claimed that neoconservatives who pressed for the war, and welcomed its onset, were in part inspired by the teaching of the political philosopher Leo Strauss.
Murray Rothbard was always so gentle in his disagreement with his mentor, Ludwig von Mises.
Beauty is in the eye of beholder and only an individual can make subjective valuation of a work of art based on the satisfaction that he derives from it.
Unfortunately, my experience with current undergrads is proving me wrong.
Ever wonder where Tang and Teflon came from?
Paradoxical as it might first seem, the more liberal a state is internally, the more likely it will engage in outward aggression. Internal liberalism makes a society richer; a richer society to extract from makes the state richer, and a richer state makes for more and more successful expansionist wars