Mises Daily

Liberty is an end unto itself, with prosperity as its positive externality.

What is necessary from people of all sides is refraining from initiating the use of force, no matter what the goal.

Popular rhetoric notwithstanding, government cannot be run like a business.

This is a comment on communism in general, on communists in the political establishment, and on Saul of Tarsus.

The observers today most reminiscent of our forefathers are the armies of tea partiers and bloggers, incensed that Main Street has gotten the shaft, first from the evils of hyperextended credit, and doubly now that modern solutions may prolong the madness.

"The central bank enters the negotiation between saver and borrower, and by counterfeiting money it destroys the negotiating base of the saver."

The myth of the Great Depression being caused by laissez-faire capitalism — and being solved by either the New Deal, World War II, or both — is so prevalent that in popular-opinion surveys, Franklin Delano Roosevelt routinely appears in the top five of all US presidents, while the name of Herbert Hoover has become synonymous with government inaction during an economic crisis.

Rather than plunging the taxpayers even deeper into debt, the government would do well to cut its own spending and return resources to private hands. Only then can true economic recovery begin.

Even some of the big unions, the steel union, for example, now doubt the effectiveness of wage increases that run beyond productivity.

The scholars, writers, and philosophers of a society have to be good or there is really little hope.