If a customer consents to paying a certain price at the time of purchase, he cannot later claim that he was overcharged. The fact that he was charged the right amount is clear in the fact that he consented to the purchase in the first place.
What does a fall in oil prices mean for our boom - and bubble-based economy?
Interest rates are like prices, and the state should not regulate interest rates any more than it should regulate the price of soda. Regulation will lead to overuse of resources, shortages, and distorted markets.
Shocking health care expenditure: US vs. the rest of world.
Every person has different goals for himself, which means everyone will value differently the means to attain those ends.
Every person has different goals for himself, which means everyone will value differently the means to attain those ends. No central planner can know these goals and values.
From The Review of Austrian Economics Vol. 1, No. 4, 1987.
Below, Rothbard explains that one reason given in support of a government-regulated monetary system i
