Mises Daily

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.

If new capital is the direct product of government spending or the indirect result of its fiscal policy, we are all worse off.

It is this third person who is always kept in the shade, and who, personating that which is not seen, is a necessary element of the problem.

The more entrepreneurs can engage in peaceful and coordinating actions that try to satisfy demands of consumers, the less likely war is made.

Halloween was all about treats, and, despite what the opponents of the exchange economy will tell you, there was no trick about it anywhere you looked.

Our talks today were in the Chapter room where Francisco Vitoria taught and the professors of the 15th and 16th centuries gave papers for each other before their public presentations at the university.

It makes no sense to say that the major dislocations of the world's economies in the 1930s could have been solved simply by printing up pieces of paper.

"Where the state is god and the 'public interest' worshipped, individual man will be found bleeding upon the altar."