All the oratory of the advocates of government omnipotence cannot annul the fact that there is but one system that makes for durable peace: a free market economy. Government control leads to economic nationalism and thus results in conflict.
In a governmentally controlled society, the unrestricted enjoyment of property ownership is not permitted, since government has the power to tax, regulate, and sometimes even confiscate (as in eminent domain) just about anything it pleases. In a laissez-faire society, everything which was valued and rationally claimed would be owned, and this ownership would be total.
I will focus on existing and emerging possibilities for writers to earn a living in a world where no copyrights exist.
If capitalism is self-destroying, as he says it is, if socialism leads to the servile state, and if the distributive state as a practical matter is not feasible, then we have but one choice; and that is a choice between serfdom and death.
Our board consists of world-class scholars working in the libertarian tradition — a veritable who's who of Austrolibertarianism.
With iTunes U, the entire body of scholarship accumulated in the minicivilization of Mises.org can enjoy the widest possible distribution.
The chief objective of present-day government interference is to intensify further credit expansion. This policy is doomed to failure. Sooner or later it must result in a catastrophe.
Shiller's proposal, in contrast, gives the government a perverse incentive to raise tax receipts while strangling GDP. Isn't the government doing a great job of that already?
The only genuine, long-term solution is to force the state to retrench and allow the essential characteristics of free enterprise to reassert themselves in the market, especially in the realm of market prices and private property. There is no middle way. To plan otherwise is to plan for chaos.
The small State can do to Society everything the large State can do, but not so much of it.
