Mises Daily

"I just want to caution Austrian and libertarian readers not to assume that anyone who 'thinks global warming is a big hoax' is automatically a great scholar.

Bailouts cause malinvestments that lower real output, beginning the cycle again. This cannot continue forever: it will eventually result in a runaway-inflationary depression.

"War is the apotheosis of Power, the ultimate expression of the faith and solidification of its achievement."

We need to convey the truth that the market for education works and would deliver far better results at less cost if it were allowed to function.

Nevertheless, if we wish to save the capitalist system (or perhaps, to reinstate it), we must reexamine what made this system so successful in the first place, as well as which forces constitute the greatest threats to its existence.

It is clear to see that government-mandated treatment cannot possibly lead to a more cost-effective balance between preventive treatment and future treatment.

These changes do not affect at the same time and to the same extent the prices of the various commodities and services. They consequently affect the wealth of the various members of society in different ways.

The word from Washington is that things are looking up. The citizens in Segovia used to hear the same thing from Rome.

Each of us wants the ability to better our condition through substituting one bond with another that we believe to be of greater value (divorcing in order to marry a more considerate spouse, switching holdings in a securities portfolio, changing jobs, placing our children in a better school).

The system of voluntary exchange and experimentation based on secure private-property rights—what we loosely call "capitalism"—expands rather than restricts our material and nonmaterial opportunities.