These tell-tale signs of a dictatorship all reinforce Mises's observation: the regime can only last if it maintains the illusion that it is beneficial to the masses. Mere physical strength is not sufficient, because it is ultimately ideas that determine which way the soldiers and police point their...
The rise in stock prices or any other good denominated in paper currency may not say much about the real value of your investments. You may have invested your money — in any venture — and be thinking that you are making a nice profit when in fact you are suffering huge losses.
Removing the ability of a lone societal institution to arrogate to itself the right to pronounce law and to decide cases would result not in disorder but in a legal framework that more perfectly reflects the norms of society.
The Cold War was an unprecedented form of peacetime socialism, designed to appeal to big business, and Eisenhower became its spokesman. Savvy libertarians knew exactly what was going on and supported Cold War opponent Robert Taft.