Mises Daily

Only the Austrian School can explain how the central bank causes boom – bust cycles, and why "stimulus" deficit spending only makes things worse.

"The products of our schools, for the most part, are incompetent to think and act intelligently, honestly, and bravely in this difficult era."

The individual is always ready to ascribe his good luck to his own efficiency…. But reverses of fortune he always charges to other people…."

By piling on trillions to the national debt, the government will have to keep interest rates low for a longer period, promoting ever-greater debt. The result of this must be unsustainably higher levels of debt — and the worst financial crisis ever seen in the history of mankind.

These advocates of a "mixed economy," well meaning and sincere though they may be, fail to realize that there can be no such thing as a "mixed economy" — part capitalistic and part socialist. Production is directed either by the market or by a National Production Authority.

"The protectionists speak of trade with the contempt of feudal nobles, but on examination it appears that they have something to sell, and that they mean to denounce trade with their rivals."

"The state as an abstract entity took on bodily form and was revealed, in the world wars of the 20th century, to be an all-devouring monster."

For even if it is shown that violent video games lead to more crime, the case for government intervention is complicated by measurement issues, concerns over personal liberty and personal privacy, and the tendency for regulation to lead to ever more regulation.

The purpose of the Property and Freedom Society is to promote the scientific debate of the politically relevant questions of our time without regard to the concerns of party politics.

"Interventionism is not an economic system, that is, it is not a method which enables people to achieve their aims. It is merely a system of procedures which disturb and eventually destroy the market economy. It hampers production and impairs satisfaction of needs. It does not make people richer; it makes people poorer."