The market, to the extent it is able to work freely, would lower healthcare prices while increasing quality; to the extent that government is involved, expect higher-priced and lower-quality services — and more bureaucracy.
There is nothing that the government can do today — apart from repealing laws and regulations — that will make an improvement on the workings of the market.
Inflation has always been, the most dangerous and destructive form of taxation.
Libertarianism, as Rothbard often emphasized, is firmly committed to natural law and is not an antinomian theory. Elshtain is right to stress the dangers of the sovereign self, which holds itself not bound by moral limits.
Creating programs outside of the markets to try to support illiquid assets undermines the objective signals of markets in which value is measured by the market price.
The idea that expanding and integrating the global marketplace exploits the poor is a myth that causes avoidable misery.
Speculative bubbles are financial events that do great damage not only to pocketbooks and balance sheets but to people's perspectives and values.
Lest I be accused of writing an unduly negative review, I shall conclude by recommending his discussion of the Progressives and the New Deal (pp. 293ff.) If Krannawitter were to expand these remarks, he would write a valuable book.
Economics in One Lesson has convinced me that free-market economics is as beautiful, in its way, as is a prism, a diamond, a sunset, the smile of a baby.
There is something government can do in the Austrian cure for a recession: radically remove itself from the economy.
