Mises Daily

How can the law or courts fix the exact line as to how bad a man might be to deserve punishment, and how good to excuse it?

"Second-best" policy recommendations can never find perfection (by definition). But if we are going to have the government providing a monopoly of domestic currency, Ludwig von Mises's proposal for a return to a gold standard is theoretically elegant and eminently practical.

We have a government that cannot control its spending, and we have a national debt that cannot possibly be paid back.

Any student of money and banking recognizes the sophistry in saying that "the Fed does not pay with paper money."

Governments can perpetuate violence in war and against the civilian population every day, but when a private person does the same for political reasons, a struggle ensues to see which line of thinking will pay what price.

"The plan was to kill people, sir."

Transfer spending is the Godzilla that threatens to consume New York, Tokyo, Berlin, and nearly every other city on the planet.

Why did I feel as if I were teaching junior-high-school students in university, and why did nobody in authority seem to care?

There was no "irrational exuberance"; the exuberance was completely rational given the price signals at the time.