Mises Daily

Tulipmania—the famous bubble in tulip prices in the Dutch Republic—cannot be explained by studying the "fundamentals of the tulip market." The answer lies in manipulation of the financial sector. 

I submit that the naïfs who stubbornly refuse to examine the interplay of political and economic interest in government are tossing away an essential tool for analyzing the world in which we live.

A person cannot do right except in a situation where there is also the option of doing wrong.

It is striking to realize that dikes were not only built without the state, but also that the dike areas can be regarded as seceding territories, which came close to private-law societies.

The laws of economics are not suspended by bureaucrats' political interference, and prices do not respond to their dictates. Rather, economic chaos results. 

The field of our science is human action, not the psychological events which result in an action. It is precisely this which distinguishes the general theory of human action, praxeology, from psychology.

The Revolution had a radical libertarian impact on American society: in abolishing feudal land tenure, in establishing religious freedom, and in beginning the process of the abolition of slavery.

Rather than look to the state to transform flawed creatures into saints, we should strive to take human beings as they are and direct their energies into productive outlets rather than antisocial outlets.

In earlier days, the government employee was held to be a man who could not have made his way in the business world and was therefore tolerated with condescension.

Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.