Philosophy and Methodology

Unlike Hamilton, Jefferson did not believe that state coercion should be used to re-shape and control society and markets.

Conservatives have often claimed that that the libertarian (aka "classical liberal") alleges "human freedom as the single moral imperative. " But I doubt a single example of this could be found in the whole history of liberalism.

State-centered ideas around crime focus on imprisonment and punishment. But a restitution-centered model would be much better for victims.

The fallacy that labor-saving machines create technological unemployment has not only been disproved by theory but also by the whole history of mankind.

The thinking goes that MIT's new GDP-B measure allows the statistician to estimate a “consumer surplus.”

Valuation of businesses must be based on appraisement, investment appraisal, and—terra incognita in Austrian economics—negotiation. Discounted cash flow and "relative valuation" methods are well-suited for negotiation purposes.

Hard-left "democratic socialists" think they figured out how to make government planning possible: use prices. But there's a problem in their argument: prices are impossible without markets.

The liberal revolutions that paved the way for the industrial revolution were hallmarks of great progress against the state. As Lord Acton noted, a continuation of this revolutionary spirit is our best hope against the state.

The authentic German liberals have fallen into total obscurity. Today, the figures who are celebrated as early-twentieth century German liberals are men who were, in fact, collectivists and forerunners of the totalitarian state.

Humans use action to attain certain ends. But they must choose what actions to take. And choice also requires judgment about the best way to achieve the preferred ends.