Mises Daily

Capitalism should not be condemned, since we haven't had capitalism.

Against this, there seems little reason to place more confidence in international bureaucrats than their national counterparts; and steps to centralized power have historically been inimical to liberty.

It is paramount for a free society to ensure, in the marketplace of ideas, that only good ones, based on sound theory and history, take root.

The Great Depression would have been worse without its only saving grace: all goods were cheaper than before. The major mistake of Hoover and FDR was in thinking that low prices were somehow the cause of the Depression rather than the effect.

Economic calculation encompasses everything that trades against money. There is nothing "objective" about them.

But the Keynesian conclusion is rather obvious: the state, through its compulsory means, has to boost the level of aggregate demand in some way to stop the economy from falling into recession.

Agriculture has been left in the dust, but it won't stay there.

[Chapter 11 from Human Action.] Acting man transfers the valuation of ends he aims at to the means. 

The very existence of a centrally planned apparatus changes the real economic data, and so changes what the "correct" number of cars should have been, even if we could agree on the criteria for correctness.