Mises Daily

"As a response to the actions of the Bank of England, the Currency School proposed a simple, yet powerful limitation on the bank: a 100-percent reserve requirement on the issue of new bank notes."

We may either incorporate ourselves into market civilization, the system by which we may serve ourselves as ends by serving other people as means, or return to the idyllic and isolated "noble" savagery that long characterized our human past.

Were it not for the state's incessant need to homogenize and its inability to cope with diversity, the languages of the world would not be in the dire situation they are today.

"Politicians have a vested interest in preventing the alleviation of poverty. If Americans are fully employed and earning continually increasing wages, who needs the thousands of welfare bureaucrats in Washington?"

The lines are getting drawn with increasing clarity. Statism vs. liberty. Us or them.

However, it is perhaps not too optimistic to assume that those governments and parties whose policies have led to this crisis will some day disappear from the stage and make way for men whose economic program leads, not to destruction and chaos, but to economic development and progress.

The question of the relation of cost to value is properly only a concrete form of a much more general question — the question of the regular relations between the values of such goods as in causal interdependence contribute to one and the same utility for our well-being.

"Sandel stands among the foremost communitarians and, as his previous work makes evident, he views the free market with disdain."

Bernanke and the other macro wizards will just so happen to find that their models point them toward bailing out the major bankers and other politically connected titans of finance.

Nonetheless, by reflecting further on Etienne de La Boetie's key insight about the politics of authority, the will to bondage, and the eager embrace of voluntary servitude, and by devising an ingenious test for their influence on the ordinary individual, Stanley Milgram made an important contribution to the libertarian tradition.