The reason for high prices is increased scarcity. The way to solve that is to make it worthwhile for producers to increase supplies. Ease restrictions on new refineries and oil drilling, get rid of taxes on gasoline, and stop threatening to nuke Iran. That would solve the "crisis" very quickly.
In contrast to liberalism and its doctrine of the harmony of the rightly understood self-interests of all men, environmentalism alleges the most profound conflict of interests among people.
Lebanese Muslims saw aggression, not liberty, and fought back with the only effective weapons that they had at the time. The point is not that Americans deserved to be attacked, but that they would not have been attacked but for being placed in the middle of a distant sectarian conflict. No wonder US policymakers prefer not to talk about the causes of terrorism.
Free — no matter where it comes from — can help sell.
Not only are there no human rights which are not also property rights, but the former rights lose their absoluteness and clarity and become fuzzy and vulnerable when property rights are not used as the standard.
The US government is the enemy of the American people and their values. It is not peaceful, it is not friendly, it is not motivated by the Christian faith but rather power and imperial lust.
Rather, the real dream has always been to protect wealth from the evils of inflation, and the middle-class housing market generally served that purpose. Housing was the middle class's best hedge against a growing government intent on expanding its scope and power by inflating the money supply. Today, housing looks like a relatively weaker hedge, and if this trend continues, middle-class wage earners will have to find better assets in which to store the brunt of their wealth.
Wealth cannot be created by means of loose monetary policy.
Being fully aware of the dark side of the credit boom — that is its socially destructive ramifications — Mises argued for returning to free-market money, which he saw as the only monetary regime that would allow preserving the ideal of the free society.
It is capitalism that has created in reality all that the socialists of old imagined their revolution would achieve.
