Mises Daily

The goal of the liberals — properly defined — has always been to fight what Macaulay called "the all-devouring state."

 In the market economy there are no conflicts between the interests of the buyers and sellers.

Hitler is the modern archetype of political evil, but many who condemn him still embrace his socialist economic policies.

People who are born as the wealthy children of successful businesspeople are often very confused about how economic prosperity is created.

For the positivist, a man is a machine like an automobile, and the positivist denies to his fellow men the faculty of choosing ends and the means to attain these ends.

The principal characteristic shared by Socrates, Plato, and Aristotle — the three greatest philosophers of ancient Greece — was their inability to grasp the essential principles of the spontaneous market order and its dynamic process of social cooperation.

The demand for a medium of exchange is the composite of two partial demands: the intention to use it in consumption and production and the intention to use it as a medium of exchange.

No organization has more money at its disposal than the US government, which attracts thieves and con men at least in full proportion to its control of wealth.

Critics of Roosevelt's New Deal often likened it to fascism. This was recognized to be true during the 1930s, by the New Deal's supporters as well as its opponents.

The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.