Mises Daily

Despite what critics of the ABCT say, entrepreneurs can't easily avoid the effects of Fed intervention.

Of course, legalization would not entirely eliminate the black market demand for pot, but it would certainly be preferable to today's blanket, though thoroughly ineffective, expensive and impotent, criminal prohibition.

The unhampered market has the power to resolve its "defects."

But the critical thing is that these people will be governing themselves, and the critical thing that prevents progress today — the presence of the foreign occupier — will be gone. The solution is imperfect, to be sure, but it is better than the opposite of turning the entire world into a prison camp run by the U.S. government.

Flynn gradually came around to a full-blown embrace of the free market as the only means to check the power of the government-business combine.

The collapse of the USSR inspired Lew Rockwell to outline his own radical vision for the "shock therapy" Washington needs.

What, then, can be done with economic theory whose models resemble jokes about how many elephants can be fit into a refrigerator? And how, given the overrepresentation of often indecipherable mathematical symbolism, is one to distinguish good economics from bad?

The vast majority of people who have learned anything about economics have relied on Bastiat or publications that were influenced by his work. This collection — possibly more than anything ever written about economics — is the antidote for economic illiteracy regarding such things as the inadvisability of tariffs and price controls, and everyone from the novice to the PhD economist will benefit from reading it.

Whether or not some nations truly suffer from an ineradicable intelligence deficit, their best path to follow is the one of freedom.

Turning to government for protection and support is stealing money from the pockets of everyone else. Farm programs, including the 2007 Farm Bill, need to be thrown in the dust bin of history, where they belonged eighty years ago.