"Since credit expansion is made possible by state action, the business cycle — so far from being a natural consequence of the free market and a heavy debit against it — is ultimately traceable to government…"
Property rights, when well-defined and protected, create incentives for self-interested owners to utilize resources in numerous ways that promote the social good.
"Orphan's treatment as capital goods on the market would lead to far more just outcomes for them than will their treatment as political capital goods by statist monopolies."
As Böhm-Bawerk declared, Salmasius's views on usury were the high-water mark of interest theory, to remain so for over 100 years.
It is Rothbard and Hülsmann that know the way to prosperity: we must bring back failure and deflation.
There is no "socially desirable" level of work or of saving and investment other than what individuals freely choose as desirable. And unless the case for "supply-side" economic reform is modified to reflect an argument for individual freedom, it may very well serve as a means for even greater state control over the economy and not less.
Those who want to wage "humanitarian" wars need to persuade us that they know the future, and that some people's lives are less valuable than others.
Only you can improve yourself to the point where you are competent and capable of defeating socialism within yourself. Only by so doing can you become able to serve the cause of freedom for all men.
"The true villains were clearly the bankers themselves."
– Mark Gilbert, Complicit