Mises Daily Articles

True welfare and value can only be achieved through exchange when it is fully voluntary. When the state intervenes to "improve" trade, it destroys value, all the government stats notwithstanding.

The real conflict in modern political history has not been, as is so often stated, between State and individual, but between State and social group. What Maitland once called the "pulverizing... tendency of modern history" has been one of the most vivid aspects of the social history of the modern...

Office-seeking is a dead-end road. Principled promotion of ideological change is the way forward.

Devaluation means monetary expansion. The resulting bubble is misinterpreted as the success of devaluation. There ensues a disastrous race to the bottom.