Mises Daily

Wars are a principal means for the state to increase its power.

The market may not give us a perfect world, but market-based thinking can get us closer to the best possible world on which no amount of central planning could possibly ever improve.

"To prop up the unhealthy, malinvested markets, governments must cannibalize the healthy markets to find the needed cash to transfer the wealth."

Government subsidies mean that there will be more production in the geographic space defined by the GO Zone, but this is not net new production.

The truth is that the state must hide not only its wars but all of its activities. It hides its inflation. It hides the effects of its taxation and its protectionism. It fears anyone who draws the cause-and-effect connection between its activities and their deleterious consequences for the rest of us. It is the most destructive force in our world. Because that truth is so momentous, the state does everything possible to hide the smallest drop of blood.

The ideal solution would be to completely privatize federal lands, so that the decision of whether or not to drill would no longer be a political one.

The Fed has already taken several drastic actions in an attempt to prevent deflation, but it remains to be seen whether it is even possible for it to achieve such a goal without destroying the dollar and the entire financial system.

A "seizure" of possessions and an "injury" to the people have occurred because "what is declared to be more is worth less."

Refusal to substitute dispassionate analysis for moralistic anticapitalistic crusading is unfortunately likely to lead us backward rather than forward.

Fannie and Freddie are going to be bailed out by taxpayers, I told the host, and the resulting inflation will make a weak dollar weaker and prop up corrupt banks that market forces would otherwise force out of business.