Mises Daily

Why is it taken for granted that we need a state at all?

"Preventing trade means that we use more resources to produce less wealth."

This is old-fashioned redistribution, to sustain the unsustainable.

"No one was allowed to leave town, and anyone caught attempting or plotting to leave, helping anyone else to leave, or criticizing the king, was instantly beheaded."

"The consumer and his valuations lies at the root of all economic considerations."

Buying gold and silver coins and holding them is not only a way of protecting oneself against inflation, but it is also, in a sense, a way of boycotting the federal reserve. That in itself would be reason enough to own them.

The real horror is the prohibition, which has brought about a dark despotism that everyone pretends not to notice.

Any extension will open questions, not close them. Any extension will not make us more secure where we are, but will force us to take new measures to secure our new acquisitions.

The root of the current financial crisis was an artificially induced boom in the real economy, and asset-price markets that subsequently turned to bust. The bust led to a reduction in the values of many assets owned by banks.

Ironically, you would think that a film called Broke: The New American Dream would be pessimistic and depressing, while a film called Capitalism: A Love Story would be upbeat and positive. The opposite is true.