In The Theory of Money and Credit , Mises provided the basics for the long-sought explanation for that mysterious and troubling economic phenomenon—the business cycle.
The Nazi concentration camps were modified versions of Soviet originals. It's true the Soviet Union is not history's only killer state, but it is the original model on which others are based.
The economic policy dominant in the Europe of the 17th and 18th centuries assumed that intervention in economic affairs was a proper function of government.
As the Marxians do not admit that differences of opinion can be settled by discussion and persuasion or decided by majority vote, no solution is open but civil war.
The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.
