Mises Daily

The government closes doors. The market, incredibly and fortuitously, keeps opening them.

Capitalism delivers the goods, and it does so in abundance. Interventionist alternatives do not.

Rothbard and a handful of Misesian economists were virtually alone in maintaining that Hoover's interventionist policies were mainly responsible for what we now know as the "Great Depression." 

There was just something too utilitarian and results oriented in Rand's purportedly principled case for IP, and something too artificial about the state's copyright and patent statutory classifications.

Clearly, one of the top priorities of every libertarian should be ending the legal tender laws.

That phony money creates a false boom is not an unknown fact in history.

"Roosevelt and his staff were becoming habitual bullies, pitting Americans against one another."

The possibility of an insolvent central bank, however, bypasses the question of whether the central bank should be abolished and concludes that it will, in certain instances, abolish itself as insolvency renders it helpless.

With such consumers in mind, we can assert with confidence that a health insurance mandate must, by praxeological definition, decrease consumer welfare and thus make the economy less efficient.

The consequences of pumping out many trillions of marks (or even just the few trillions of dollars now being created by the Federal Reserve) are simply catastrophic. And such policies lead, as Professors Mises and Rothbard taught us, to collapse, war, destruction, starvation, and death.