Mises Daily

As Quigley aptly notes, military force is supposed to be the last resort in a crisis, not the first.

Without property rights in hunting, there is no way (and no incentive) for anyone to prevent such short-term, predatory behavior. That's why Indian tribes assigned these exclusive rights — it was the best way to preserve animal species and provide for the future.

There cannot be such a thing as an organizational model for high returns because organizing a firm is an exercise of entrepreneurship. While there can be platform companies, there is no such thing as a platform model, nor a platform company economy.

Contrast our world with that of the political class. Here, scarcity is nonexistent. While my wife and I struggled over whether or not we could commit financial resources, the politician simply commits our resources for us. No questions asked.

The free market could deal more effectively with contagious diseases, just as it beats the government when it comes to computers, cars, and crops.

DiLorenzo's well-argued and forcefully written book shows that the struggle against the "Lincoln cult" is a vital part of the case for liberty.

Mises knew why abandoning the principle of sound money would be so problematic: "In the opinion of the public, more inflation and more credit expansion are the only remedy against the evils which inflation and credit expansion have brought about."

They have merchants of death in their districts that get the cash. They benefit from the huge spike in "homeland security" funds, and so have every incentive to keep the level of war hysteria high and growing. They are part of the state apparatus, and war is the health of the state. They too have much to lose from ending the war and much to gain from keeping some form of the war going.

This is what makes The Lord of the Rings a much better means for conceptualizing the ideas of freedom than Atlas Shrugged.

There are two main branches of the sciences of human action: praxeology and history.