Mises Daily

But prosperity can't be printed. Government edicts won't magically make us better off. Their fatal conceit will only lead us to disaster.

But unlike today, the deflationists and hard-money men had the upper hand. As a result, the depression ended rather quickly (by 1821) when confidence in currency was restored and currency once again was redeemable in specie.

The way to bring the blessings of laissez-faire to the Polish people is first to secure it for ourselves. The enemies of free enterprise and private-property rights here in America are immeasurably benefitted when those who favor the free market are too busy worrying about the "tiger at the gate" to wonder at the absence of freedom right here.

"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."