For the positivist, a man is a machine like an automobile, and the positivist denies to his fellow men the faculty of choosing ends and the means to attain these ends.
The principal characteristic shared by Socrates, Plato, and Aristotle — the three greatest philosophers of ancient Greece — was their inability to grasp the essential principles of the spontaneous market order and its dynamic process of social cooperation.
La demanda de un medio de intercambio se compone de dos demandas parciales: la intención de usarlo en el consumo y la producción y la intención de usarlo como medio de intercambio.
The demand for a medium of exchange is the composite of two partial demands: the intention to use it in consumption and production and the intention to use it as a medium of exchange.
El socialismo y el intervencionismo no han logrado eliminar completamente el capitalismo. Si lo hubieran hecho, después de siglos de ganancias en la prosperidad, redescubriríamos el significado del hambre a gran escala.
Socialism and interventionism have not yet succeeded in completely eliminating capitalism. If they had, we would, after centuries of gains in prosperity, rediscover the meaning of hunger on a massive scale.
No organization has more money at its disposal than the US government, which attracts thieves and con men at least in full proportion to its control of wealth.
Los críticos del New Deal de Roosevelt a menudo lo comparan con el fascismo. Esto se reconoció como cierto durante la década de 1930, tanto por los partidarios del New Deal como por sus oponentes.
