Mises Daily

In order to answer these questions, we must realize that government is an agency for coercion, and we should understand how man reacts to coercion or in the absence of coercion.

In a free market of justice, police making many errors would thus quickly be eliminated by bankruptcy.

The belief that government is necessary to ensure social order is a pure superstition, based upon a psycho-epistemological process different in no important respect from the belief in goblins and witches....

Economics is about the most important and interesting drama of all — human action.

Once one realizes where the state fails, one can only conclude that the best course of political action is to reduce the size of the state or even do away with it altogether.

Only those who embrace Pink's advice to develop a whole new mind, and Hazlitt's recommendation to develop real thinking and problem-solving skills, will be successfully employed in the dark days ahead.

The political machine is familiar to Americans. While it may lead to gross abuses, experience shows that some sort of behind-the-scenes organization may be useful to the functioning of democratic institutions.

In a recent flash of insight, I came up with a way to make charitable impulses more productive, but I had to abandon the idea once I realized the government wouldn't approve.

You rarely know the prices of what you are getting.

"Aside from its high production values, what's remarkable about this video is its theoretical accuracy and transparency. It has brought Austrian business-cycle theory from the background to the forefront of debate."