Mises Daily

As long as the money- supply rate of growth remains a positive figure, there can be no deflation.

"Mercantilist 'theory' was a set of rationales designed to uphold or expand particular vested economic interests."

The fact is that, exactly as Mark Lilla fears, when people distrust authority in a generalized way and start thinking for themselves, often without much relevant information to guide them, they'll make many decisions that they'll later regret. But whose decisions are they to make?

"Fulfilling the doctrine of the 'invisible hand,' the speculator, by his profit-seeking activity, causes more food to be stored during years of plenty than otherwise would have been the case, thereby lessening the effects of the lean years to come."

This is embarrassing. Here we have a textbook on money, banking, and financial markets, where, presumably, interest-rate theory should play a central role. But there is no theory of interest here.

"Instead of spending time on adapting their product to the desires of consumers, homebuilders are busy adapting their homes to the code. Innovation is the victim."

It is natural to wonder what scholar today has inherited the mantle of Rothbard. To me this is the wrong way to look at it. Rothbard vastly broadened that mantle so that hundreds, thousands, and millions of people can wear it. 

Oh, one last thing. Brazil doesn't have the highest ratio of tax revenue to GDP in the western hemisphere. Cuba does.

Not only have they been mobilized for libertarian action and educated in libertarian ideas, including opposition to the public schools and the idea that taxation is theft, but the politicians have begun to knuckle under to their vociferous demands and actions.

"His widely published 'Letter to Washington' described the party of Hamilton as 'disguised traitors' who were 'rushing as fast as they could venture, without awakening the jealousy of America, into all the vices and corruptions of the British Government'."