Even “Primitives” Pursue Profit
A closer look at one famous exotic gift exchange reinforces libertarians' claims about the universal power of the profit motive.
Mises Daily
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Why Nozick Matters
Ralf Bader has given us an excellent guidebook to Robert Nozick's Anarchy, State, and Utopia.
Open Letter to the International Justice Mission
It is the poor nations in Africa and elsewhere that are in the greatest need of free enterprise.
The Right to National Bankruptcy
The right to healthcare is synonymous with the right to national bankruptcy.
Social Darwinism and the Free Market
President Obama called a budget proposal of his Republican opponents in Congress "thinly veiled social Darwinism." Mises guides us to the proper response.
Defending the Slumlord
The owner of ghetto housing differs little from any other purveyor of low-cost merchandise.
Tax-Loving Conservatives
Hamilton wanted higher federal debt because he wanted investors in government IOUs to commit to the survival of the US government itself.
Who Owns Water?
We now have a libertarian benchmark to apply to the difficult problem of water ownership.
The Crippling Nature of Minimum-Wage Laws
There is only one way to regard a minimum-wage law: it is <em>compulsory unemployment</em>, period.
Fractional Reserves and Economic Instability
Better economists recognize fractional-reserve banking as a major source of financial and economic instability.
