"From the Austrian perspective, if some form of collaborative activity is involved in the creation of literature, it is still always collaboration among individuals, whereas in the Marxist view collaboration is typically understood in collectivist terms."
Therefore, whether it is disproportionally hurting African-American teen workers with minimum-wage laws or further endangering already-endangered species, the state is no match for market mechanisms. It remains a slave to unforeseen consequences.
The net profit of reform is the accumulation of State power; the net loss is borne by Society.
That a functioning market presupposes not only prevention of violence and fraud but the protection of certain rights, such as property, and the enforcement of contracts, is always taken for granted.
Most people favor patent and copyright law because they believe that it generates net wealth — that the value of the innovation stimulated by IP law is significantly greater than the costs of these laws.
Victims of micro-level Ponzi schemes are only greedy; they don't infringe upon others' freedom. The same can't be said of those who demand that we all participate in these macro-level Ponzi schemes.
"An individualist unafraid to think for himself, Mariana clearly took little stock in the Jesuit ideal of the society as a tightly disciplined military-like body."
The mania for legislation would be, in an important degree, restrained if the government were compelled to pay the expenses of all the suits that grew out of it.
When John T. Flynn has put the Roosevelt myth through his terrible wringer and thrown aside the empty sack, all that remains of it is — the myth.
Haiti's government and other governments need to get out of the way and not make a market-based recovery process more difficult than it has to be.
