The history of the 19th and 20th centuries has discredited the hopes and the prognostications of the philosophers of the Enlightenment. The peoples did not proceed on the road toward freedom, constitutional government, civil rights, free trade, peace, and good will among nations.
Julian Assange cracked the government's veil of benignity and brought into question the state's tactics. So the state must destroy him.
A remarkable combination of a brilliant and incisive mind, an unusually clear and lucid style, and an unfailingly cheerful, generous, and gentle soul, Henry Hazlitt continues to be a veritable fount of energy and productivity.
Government and the media bombard us with examples of real or often just imagined threats and expand them so that they become as big as our worst nightmares. As more of us buy into an overblown story, it takes on a life of its own and often becomes the accepted truth.
Bernanke assured the national audience that the Fed was not printing money; however, he didn't explain where the Fed was going to get the funds to buy $600 billion worth of treasuries.
Conservative Republicans are justified in switching their allegiance to the Austrian economists, because supply-side monetarists have a glaring blind spot when it comes to the Federal Reserve.
The Chinese communists are quite right when they accuse Khrushchev of flirting with capitalism. If he continues in this direction, while we continue our drift into socialism, Russia may indeed one day outproduce us.
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If Scott can excoriate most of his fellow historians for confounding "civilization" with "state-making," he himself can be excoriated for confounding statelessness with lack of government.
Past expenses incurred during the production of a good are completely irrelevant to the determination of the current price of a good. The market price of a good is determined solely by the relative valuations of goods and money by the buyers and sellers of the good.
