Mises Daily

"The risk associated with loan obligations are shifted to the taxpayer. Consequently, the act removes obligation and creates a moral hazard with the creation of a virtual backstop."

"Capitalism is something innate in all societies, and so governments can only become burdens upon this web of naturally occurring human actions."

"The financial burdens of hegemony are difficult to overestimate. "

In a depression, all prices must be allowed to adjust downward. Wages are no different. First and foremost, the government's artificial wage floor should be removed.

"While it would be more comfortable to get money for nothing, this would not be the wisest long-run policy solution to unemployment."

A government which interferes with banking exposes itself to great danger of error, and such errors cost it popular confidence sooner than any others.

"Soon the women who stood in the pallid queues before shops spoke more about their children's hunger than about the death of their husbands."

If you behave as a sovereign individual in your personal relationships, you will be contributing to your happiness and also to the transmission of the concept of individual sovereignty. That chain of good, I am certain, will abolish the chains of evil.

"I ought to exercise my talents for the benefit of others; but that exercise must be the fruit of my own conviction; no man must attempt to press me into the service."

"Without the capital accumulation of modern capitalism, people would not be living from paycheck to paycheck as workers, but from harvest to harvest as peasants."