Mises Daily

[This speech was delivered at the offices of the Mises Institute, September 14, 1999, the date on which

Ira Levin died just over three years ago, on November 12, 2007, at the age of 78, the largely unsung author of one of the top half-dozen libertarian novels ever published in our language. <i>This Perfect Day</i> has been out of print in recent years, so largely unsung is it.

The principle of sound money consists in affirming the market's ability to choose and maintain money (and the enormous benefits this has provided to society) and also in opposing any government meddling in money.

The Keurig coffee maker is another landmark in the long struggle to leave the state of nature and climb to ever-higher stages of the great chain of being. At each stage, we can easily observe the path from the collective to the individual.

This tuna episode is just another demonstration of the conflict that arises whenever government regulation tries to solve a problem caused by a lack of property rights. If people owned portions of the oceans.

Charles, the third Viscount Townshend (1700–1764), has been shamefully neglected by virtually all historians of economic thought. He is virtually unknown and is often confused with his son of the same name.

Under free trade, and without politically oriented government-monopoly militaries, no country would be able to harm another. But with the existence of politicians "leading the country," it's a different story.

Beginning in 2007 and culminating in 2008, the home-ownership myth was smashed, as values all over the country plummeted, wiping out a primary means of savings and instilling shock and awe all across the country. The thing that was never supposed to happen had happened.

The environment determines the situation but not the response. To the same situation different modes of reacting are thinkable and feasible. Which one the actors choose depends on their individuality.

Before the financial crisis, Portugal, Italy, Ireland, Greece, and Spain had been able to finance their deficits at artificially low interest rates. They all assumed that their governments would be bailed out by other countries of the eurozone in order to preserve the holy European Union.