Mises Daily

"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.

"Through Fed monetary policy, the dollar is cheapened to produce an economy on steroids that eventually breaks down."

The important concept is putting our money where our mouths are if we wish to see land used the way we want it to be, and letting local people sort out their own local issues on the local stage.

The Memoranum did not only denounce debasement and call for a high-valued currency, but it also enunciated "Gresham's law" that the cause of a shortage of gold coin in England was the legal undervaluation of gold.

Tourist Joe can complain about rising prices in the event of a papal death, but he should recognize their role in minimizing problems resulting from scarcity.

The only really good trends exist in two worlds right now. In the digital world, we see growth and expansion and progress. This sector is not as heavily hooked up to manipulations of the Keynesian elite, and its development has proceeded at a clip even in a depression.

"An improving economy neither consists of an increasing GDP nor does it cause the overall stock market to rise."

Marx and Engels failed to see that tools and machines are themselves products of the operation of the human mind.