Mises Daily

What characterizes capitalism is not the bad taste of the crowds, but the fact that these crowds, made prosperous by capitalism, became "consumers" of literature — of course, of trashy literature.

The shorter work week is entirely a capitalist invention. As capital investment caused the marginal productivity of labor to increase over time, less labor was required to produce the same levels of output.

Interventionist policies have brought about all the effects economists predicted.

Whether the "slander" is due to a misrepresentation of fact or the imposition of ideology, the Industrial Revolution should bring a libel suit against historians.

An industrial innovation enters the market as the extravagance of an elite before it finally turns, step by step, into a need of each and all.

"Your doctor and nurse, no matter how nice today, will become the bureaucracy."

Inequality of wealth and incomes is an essential feature of the market economy.

Could there be firms without corporate law? The answer is obvious: firms exist and are an important part of modern markets today just as they existed and provided a vital function before the advent of modern legal systems.

Since the State thrives on what it expropriates, the general decline in production that it induces by its avarice foretells its own doom. Its source of income dries up. Thus, in pulling Society down it pulls itself down.

It's important to remember that the government can engage in credit expansion through many ways other than directly inflating the money supply.