Mises Daily

The existence of a libertarian majority among the American Revolutionaries and in 19th-century England demonstrates that the feat is not impossible.

We were now not only looking for an isolationist movement; we were looking for an anti-imperialist movement, a movement that zeroed in on the American Empire as the great threat to the peace…

In conclusion, inflation wreaks havoc on the structure of capital. It does so not only through the intertemporal misallocation of resources that takes place when the interest rate no longer reflects the social rate of time preference, but inflation also wrecks the existing structure of capital by introducing unpredictability into entrepreneurs' plans that rest on predictable exchange rates.

The only question is this: by which proposed means will the government lead the market into the last stage of the theory, central planning.

Mises's radical views meant that he could never be a conventional conservative, though he was quite capable of alliance with rightwing governments to advance the cause of economic liberty.

The law of marginal utility does not deal primarily with the value of things, but with the value of the services a man expects to get from them.

[Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement. By Brian Doherty.

Why is production an intellectual phenomenon that is guided by human reason?

As Gottfried shows, Buckley has often played a malign role in purging from conservatism those not in accord with the values he at the time professes. He would not allow Old Rightists such as John T. Flynn access to his magazine to argue against the Cold War statism it was the principal aim of National Review to advance.

Here's what I would like to see: the whole of Wall Street rising up against the Fed and demanding that it turn off the spigots and let the economy get back on an even keel. Let the correction happen and let profits and wages fall in the overblown sectors.