Mises Daily

Because of Iran's great oil wealth, it has been able, thus far, to stave off a hyperinflationary blow-off.

Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term "inflation" to refer to the phenomenon that is an inevitable consequence of inflation, that is the tendency of all prices and wage rates to rise.

Austro-libertarians should also be wary of the collectivism inherent in Schiff's (and other anti-trade deficit) articles. Unless you are a shareholder of Alcoa, what do you care who owns it? Why does it matter if those "future profits" are earned by Australians instead of Americans?

Saving in the interest of infinitely postponed consumption is not saving at all — it is pure loss.

Economic problems arise only when it is a question of adjusting the available means to any new situation.

The benefits of a system of old-age security without the state would be more than economic. It would also foster the acquisition of personal virtues and responsibility, which would then be reflected in other spheres of private and social life. A non-governmental system would even treat the least fortunate members of the society with more humanity and dignity, and there would be fewer such people overall.

The theme of my novel might be stated more broadly: the will to freedom can never be permanently stamped out.

To conclude then, as long as the pool of real funding available to Americans is still growing, and as long as the growth momentum of liquidity is heading up, US financial markets will remain well supported regardless of the yen carry trade.

The first step, in contrast to what Fuller would say, involves removing the last semblance of regulatory privilege by getting government out of our lives and economy.

There are billions of cases where individuals encounter others not under the jurisdiction of the same government, and somehow there is not this chaos that statists envision.