Private Property

In order to bring our economy back on track, government needs to get out of the way of entrepreneurs and capitalists. We need to leave holes undug and paper unprinted.

Boulton and Watt's refusal to issue licenses allowing other engine makers to employ the separate-condenser principle clearly retarded the development and introduction of improvements.

No, the authors are not really Austrian, and I'm not even sure that they can be called libertarians, but they understand the competitive process in ways that would make Hayek and Mises proud.

Not state capitalism, not crony capitalism, not mixed-market capitalism, not fascism and interventionism under the guise of capitalism, but unfettered, laissez-faire, free-market capitalism.

It is imperative that we remain realistic in our assessment of human nature and not forget that the basic principles which produced our prosperity still govern human action."

People must relearn that free-market money, or sound money, as Mises put it, is the indispensable element for preserving the free societal order.

To believe that, absent government, folks would not help the poor is to turn one's back on history. In addition, to destroy capital in the name of ending poverty simply impoverishes us all.

We should be worried about building Battlestar Galactica.

Bob Higgs' 1997 article "Regime Uncertainty," now appears in slightly revised form as the first chapter of his 2006 book Depression, War, and Cold War.

The state punishes those who do good (those who provide services that customers are willing to pay for at a price they are willing to pay) and rewards those who do evil (those who use the coercive power of the state to prevent people from entering the marketplace and earning a living).