Private Property

From “Choice in Currency: A Path to Sound Money”; the Mises Circle in Vancouver. Recorded 13 September 2008.

"No benefit results from the mere expenditure of the money [on public works], nor the employment of the workmen employed on its construction; for, if this money had remained in the hands of the contributors, it would either directly or indirectly have put in activity an equal quantity of industry."

Surely every libertarian supports civil liberties, the corollary and complement of private property rights and the free-market economy.

They do it because they can. We fight for liberty because we must. No one else will do it for us.

But defending property rights - the only basis on which society can possibly exist in peace - is a worthy cause, and there are not nearly enough people doing it.

There is still no such thing as a fair tax.

One of my favorite blogs on Mises.org is Copyfascism Watch because it alway

Make fuel from corn, by all means, if the free market signals that this the most pressing need and, hence, the most lucrative use for the crop.

Moral hazard is in no way a particular problem of the insurance industry. It can arise in almost any other field of human activity where there is a separation of ownership and control.The important fact is that any form of government interventionism, by its very nature, entails a forced separation of ownership and effective control.

In its Kelo decision, the Supreme Court upheld Connecticut's decision to use its eminent domain powers to take property from one set of private owners and give it to another set of private owners.