Production Theory

Recorded at Jekyll Island, Georgia; May 1992. 

The idea that expanding and integrating the global marketplace exploits the poor is a myth that causes avoidable misery.

Jobs cannot be created by government fiat.

Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama.

Austrian school capital theory and business-cycle theory are the best I have found.

Leading Austrian Economists discuss Henry Hazlitt's classic book Economics in One Lesson. Interview 5 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.

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

The bargains the firm makes with its workers are nobody else's business.

"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."