Mises Daily

The bottom line here is that insurance of this kind — as opposed to catastrophic insurance like car insurance, which pays for accidents and not for oil changes and general repairs — creates moral hazard.

But history proceeds, miracle after miracle, driving progress forward, uplifting humanity, bringing glorious things to life on earth.

Huebert correctly grounds his philosophy in Murray Rothbard's nonaggression principle, and even has the temerity to apply this vital insight to the state: "If one person cannot steal money from another, then the government (which is made up only of individual people) should not be allowed to forcibly take money from people, even if it is called taxation."

"The black market in information is simply individuals cooperating in order to manipulate their own private property."

"Gentlemen, you are piling up a heritage of conflict and litigation over water rights, for there is not sufficient water to supply the land." – John Wesley Powell

Setting your entire production structure on the whims and fancies of bureaucrats and politicians, based upon central-planning diktat quickly leads to economic chaos.

"Jefferson described the new judicial establishment as 'a parasitical plant engrafted at the last session on the judiciary body'."

Lucidly and unflinchingly he shows it to be the only system consonant with individual freedom and personal autonomy, as well as with modern industrialized society.

"The point of employment is not just jobs: it is productive and economically viable jobs."

"It's pointless to try to wade hip-deep into DeLong's calculations, because they are meaningless."