Value and Exchange

It is a widespread fallacy that skillful advertising can talk the consumers into buying everything that the advertiser wants them to buy.

The choice between various ways of ‘measuring’ economic variations (and gauging their causes from these measurements) is arbitrary from an economic point of view, and becomes a largely political endeavor.

The taxpayers will complain a little, but they'll be sure to re-elect most of the politicians who gave us this status quo.

The paradox of "planning" is that it cannot plan, because of the absence of economic calculation.

The way that government collects taxes is awful. The process of spending it is even worse.

Man is not evil merely because he wants to enjoy pleasure and avoid pain — other words, to live.

Thanks to government loans, the price of college has skyrocketed in recent years because student loans mean colleges can raise their prices without driving away otherwise-price-sensitive students.

The Lou Church Memorial Lecture sponsored by the Lou Church Foundation.

The Ludwig von Mises Memorial Lecture sponsored by James Walker.

Subsidies, government quotas, and regulations of workers won't make us richer or better off. Only private owners and entrepreneurs can determine the best way to use labor (and capital).