Or will we stick to principle, pay whatever price that involves, and leave the world a better place? I submit to you that anyone who has ever truly loved liberty has chosen the second course.
A more realistic view is that a housing boom and bust happened to strike a fragile financial system whose fragility was worsened by ill-conceived government interventions.
The smog and pollution in China provide us with a valuable lesson: the standard libertarian paradigm of property rights needs to be extended to the environment. First-use homesteading must be the basis of environmental rights, which are currently socialized property.
"The Bank of England has been reduced to the position of a part of the machinery for the manufacturing of political money in any quantity that may be required."
"The government can talk about entrepreneurship and act like it is promoting it, but all of what government does by taxing and regulating impedes the entrepreneur."
Those who read Acton today will treble Lord Morley's praise of him and affirm that they would undertake to find on every page of Acton at the very least one pregnant, pithy, luminous, suggestive saying. For Acton's is the splendid voice of charity and informed wisdom heard from above the merciless...
George's own attachment to the land tax, rightly critiqued by Rothbard, is a clear case of Rothbard's Law: the tendency of people to specialize in what they are worst at.
La prosperidad significaba la tentación permanente de la riqueza para saquear, y así los emperadores alemanes, comenzando con Frederick Barbarossa en 1154, comenzaron una serie de intentos de dos siglos para conquistar las ciudades del norte de Italia.
Ultimately, the Keynesian's deficiency comes down to their lack of capital theory, which eventually leads them to believe in a very disjointed monetary theory.
