Mises Daily

The view of medieval economic thought in which theologians encouraged the setting of "just prices" did not survive de Roover's reevaluation.

They keep trying and trying with ever-worse results. There is no middle way to solve the housing crisis. The real help for underwater homeowners will only arrive when Fannie, Freddie, and the rest are allowed to fail.

Many have misdirected their anger toward illegal immigrants or the businesses that hire them. Their outrage should be aimed at the state.

What if, instead of Marxist or quasi-Marxist paradigms, literary critics adopted the theories of free-market economics?

The elimination of the state will not lead to lawless chaos. Not only will market law be more efficient; it will also be more equitable than the government alternative.

A great deal of truth can be unveiled via "Crusoe economics" — the analysis of acting man in complete isolation.

Contrary to the assertions of these pundits, an economy does not need mountains of debt — whether government or private — in order to grow. Corporations can still raise needed financing through issuing equity. There are pros and cons to debt financing, but it isn't necessary for a strong economy.

Murray Rothbard modified the famous dictum of Marx: he wished both to understand and change the world.

Deleveraging is necessary to clean up the system and lay the foundations for solid economic expansion.