Mises Daily

Government efforts to stimulate entrepreneurship and startup companies, and to spur job growth, are not only detrimental to market participants but to the startup companies themselves.

No one wanted to hear the message that voting by itself produces nothing, and that force by itself wastes resources and "produces" less and less.

Mises says that all expansion of bank credit must absolutely cease: "no more legal tender banknotes and no more credit expansion!"

In the same way that we need some junior historian to devote his career to exposing every nefarious plot of the New Deal, so we need an economist to refute the General Theory.

By flooding the credit markets with money created out of thin air, the central banks of the world are interfering with humans' attempts to communicate with each other after the housing bubble popped.

Economic depression is good for the state. Even if the state knew how to end it, why would we suppose that it has the incentive to do so?

"Egyptian workers during this period suffered badly from the abuses of the state intervention of the economy…"

"Public estimation of eminence runs in reverse ratio to its genuineness," writes Mencken, anticipating Obama, "the sort of eminence that the mob esteems most highly is precisely the sort that has least grounding in solid worth and honest accomplishment."

The government can prevent market forces from operating by channeling resources into artificial channels.

The reason for this is that all production, including any new and additional production called into being by stimulus packages, itself entails consumption. And this consumption tends at the very least to approximate the fresh production and, indeed, is capable of equaling or even exceeding it.