Mises Daily

The Depression is supposed to be Exhibit A of the alleged instability of the free market left to its own devices, while the New Deal represents the indispensable corrective power of the state.

It is no accident that Germany, the country that inaugurated the social-security system, was the cradle of both varieties of modern disparagement of democracy, the Marxian as well as the non-Marxian.

The United States imposes import quotas that substantially raise domestic sugar prices, harming domestic consumers to benefit politically powerful domestic sugar producers.

The imposition of Colbert's regime of statism, monopoly, and prohibitive tariffs, combined with Louis XIV's high taxation and centralization, gave rise, by the late 1660s, to a growing tide of opposition by merchants and nobility alike.

"The more controls and taxation a State imposes on its people," Sam wrote, "the more they will evade and defy them.

"Within the Misesian-Hayekian framework, the only permanent solution to existing malinvestment is to allow its liquidation and the readaptation of the structure of production."

"The direction of the future, of progress, is towards more abundance and prosperity and wealth. It is obscene to undermine the glorious operation of the market in producing wealth and abundance by imposing artificial scarcity on human knowledge and learning."

"The sole difference between a gossip and a blackmailer is that the blackmailer will refrain from speaking — for a price."

Contributors to Liberty who rejected intellectual property as a natural right were not hostile to copyright or patent enforced by contract.

"Contrary to Krugman and other commentators, we suggest that the best economic policy for the Fed and the government is to do nothing as soon as possible."