Mises Daily

Property is that beautiful foundation from which libertarians approach conflicts.

If a person has a right to his own life, liberty, and property, nothing can justify forcing him to subsidize another person for any purpose, including for the purpose of police protection.

Over two decades before the Spanish Jesuit de Mariana, George Buchanan arrived, for the first time, at a truly individualist theory of natural rights and sovereignty — and therefore a justification for individual acts of tyrannicide.

It may be difficult to understand at first why the members of the Texas Board of Education consider Aquinas, Calvin, and Blackstone more worthy of study than Thomas Jefferson.

"The powers of the federal government were actually enumerated, and thus the states and the union were a check on each other. That principle of division was the most efficacious restraint on democracy that has been devised."

The European experience, in fact, suggests that governments play absolutely no role in stabilization.

The powers of the federal government are enumerated; it can only operate in certain cases; it has legislative powers on defined and limited objects, beyond which it cannot extend its jurisdiction.

To maximize human well-being and to minimize disputes, private ownership and management of land and all appurtenances to land should be encouraged. Further, the land should be untaxed. The owner should own totally, once all encumbrances have been removed.

"This myopic focus on 'price stability' made policymakers blind to other possible pitfalls, such as the surge in credit and the rapid growth in asset prices, and the concomitant misallocation of resources led on by distorted price signals."

 By the time the politicians are in charge, most of the eggheads will be in jail or in flight to Canada or Mexico.