Mises Daily

Government controlled fiat money is and will always be, by construction, fraudulent money.

Our present institutional arrangements are characterized as socialistic.

"You libertarians are really nuts. … Why depend on the willy-nilly whims of some capitalist exploiter when the state is there to provide this wonderful service for free?"

Austrian economists like Ludwig von Mises and F.A. Hayek opposed government intervention in the macroeconomy because that intervention leads to distorted relative prices and malinvestment.

Carabini admits in the first chapter that in his opinion people are in general attracted to one of two opposing camps — those inclined to liberty and those inclined to mastery — and it is rare that exposure to additional evidence and facts sways anyone to switch camps.

It is time for highway privatization, with MADD taking a lead role in this initiative.

The bonds will be backed by the usual way that the government gets money, which is to tax it or inflate it away.

Taxes are the price we pay for civilization.

Mises was the first scholar to recognize that economics is part of a larger science in human action, a science that Mises called "praxeology."

But no area of commercial property will be spared the bloodbath.