The Free Market

The Whiskey Rebellion has long been known to historians, but recent studies have shown that its true nature and importance have been distorted by friend and foe alike.

Interest rates, like any important price, are complex phenomena that are determined by several factors, each of which can change in varying, or even contradictory, ways.

"When we call a capitalist society a consumers’ democracy we mean that the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers’ ballot, held daily in the marketplace."

In times of massive and frequent technological improvement, it would be sheer waste for manufacturers to dump resources into making products last past their usefulness.

As I learned growing up in Allegheny County, the sign that reads, "Keep out, Property of Allegheny County," does not refer only to those who live outside the county.

The Fed would have us believe that it has am impressive record of success in preventing recessions and improving the economy. The actual historical record suggests otherwise.

People do not save and accumulate capital because there is interest. Interest is neither the impetus to saving nor the reward or the compensation granted for abstaining from immediate consumption. It is the ratio in the mutual valuation of present goods as against future goods.

If Keynes was such a model champion of the free society, how can we account for his peculiar comments, in 1933, endorsing, though with reservations, the social "experiments" that were going on at the time in Italy, Germany, and Russia?

The Antifederalists were afraid the new proposed Constitution would lead to a supersized national government. They were right. 

We Americans shall never have real, lasting peace so long as we give our allegiance to a king—that is, in our case, to the whole conglomeration of institutionalized exploiters and murderers we know as the state.

Redistribution is not ethical; it’s theft and destruction. It is simply a means to satisfy the envy of some who seek to harm those who have obtained greater wealth through the satisfaction of the wants of consumers.

In this testimony to Congress, Joseph Salerno describes how to fix the problem of fractional reserve banking.

The psychology of the anti-market left can be a puzzle, but even more confounding is the mentality of the anti-market right.

Why are so many Christmas movies rife with villainous capitalists who constantly seek to ruin Christmas?

Anti-tax protests have a well-established history in French politics, as described by Murray Rothbard in this 1956 article.

Quite simply, the science of liberty that Rothbard brought into clear relief is as brilliant in the hopes it creates for a free world as it is unforgiving of error.

As Mises put it "The development of a profession of economists is an offshoot of interventionism."

The peddler was the middle class man who prided himself on his initiative, self-reliance, independence and, above all, his integrity.

Banning or restricting payday lending primarily works to limit the choices and freedoms exercised by people with bad credit or low incomes.

The historic contribution of Mises was represented not so much by the magisterial works that he produced in 1912, or 1922, in 1933, or 1940 — as by his courageous, lonely vigil during the arid decades of the 1940s, 50s and 60s.