Mises Daily

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.

Whether one calls oneself a Communist, Socialist, New Dealer, or just plain "democrat," one begins with the premise that the individual is of consequence only as a servant of the mass idol.

Central economic planning and laissez-faire capitalism are completely incompatible concepts — by definition.

One of our top priorities must be to get rid of a monetary system that contributes to artificial money creation and credit expansion and thus to recurring boom-bust episodes in production and employment.