Mises Daily

A final insult is how US tax law treats its emigrants from this country. It continues to tax them as if they were lifetime slaves.

The free market doesn't pump up the money supply and push interest rates down to levels that promote unsustainable bubbles. The free market punishes reckless risk takers, while it is government that bails them out (and thereby encourages them to take greater risks in the future).

Conscription was an unjust, capricious, and immoral disaster then. We don't have any reason to think things will be different now.

There is a letter from a Democratic party boss telling a woman that if she wants to stay on the WPA rolls, she needs to make a campaign contribution.

This free-market system encouraged just the right mix of tradition and innovation.

In holding money, its owner gains in the satisfaction of being able to meet instantly, as they unpredictably arise, the widest range of future contingencies.

Bacevich concludes with several suggestions for changes in American foreign policy, and among these is one that is especially excellent: For the United States, abolishing nuclear weapons ought to be an urgent national security priority…

Genuine market economies — meaning those that maximize the long-term benefits to consumers and producers — thrive when state power is minimized. With this in mind, abolishing the FAA and firing its bureaucrats who hinder the market order would constitute a step in the right direction.

This comprehensive list of the Fed's functions gives the lie to the notion that there has been "too little regulation" of financial markets. Anyone who makes such an argument is either ignorant of the truth or is lying.

Both books seek to explain the strange elitism of the Left and its opposition to capitalism for the masses. And they both discern that the answer lies in the way that the market is so slavishly devoted to serving the needs of the average person as opposed to society's philosopher kings.