Prices

"All of this government intervention will only spawn new malinvestments and later depressions."

The wealth that strip-club patrons and strip-club moguls thought they had to throw around was but an illusion, and the reality is sobering for the entertainers, cabbies, politicians, and others who have been riding the strip-club boom.

The real threat to humanity comes from governments growing ever more powerful in the name of fighting climate change.

In a free market, no shortages would exist. In fact, it is very unlikely any of the earth's resources would be used up.

Nevertheless, economic law is relentless and Mises is still right: due price will be paid sooner or later.

Economics is not about goods and services; it is about the actions of living men.

Leading Austrian Economists discuss Henry Hazlitt's classic book Economics in One Lesson. Interview 8 of 12.

Our reflections thus yield the conclusion that an alleviation of cyclical fluctuations should be expected preeminently from a greater publicity among business enterprises, and particularly among the banks.

Price controls do cause shortages.

The pricing, supplies, and incomes of particular factor prices - labor and land -  and the effects of a changing economy upon them are discussed as Rothbard viewed them. The theory of rent is a highlight of this chapter. The Mengarian causal-realist tradition is integrated here.