Mises Daily

Unfortunately, this first essay failed to shine any light in the darkness because he is using advanced mathematics — econometrics — in an attempt to explain human beings.

He has chosen the wrong tool for the job.

Bush was wrong, but in a way that is usually not understood. His mistake was not in overthrowing the state but in hoping to create and control a new one.

Capitalists and entrepreneurs will have to be convinced that a new social system will keep their investments safe from government appropriation — no small task.

The best solution is also the simplest: get the state out of the way.

Friedman maintained that the policies of the Great Depression were a failure because they were not based on his own interventionist proposals: to inflate and undermine property contracts. From this perspective, the state failed not because it didn't "let the market work" but because it didn't let the Chicago bureaucrats work.

So does Schiff truly think the "unsustainable" deficit will break this year, or does he really just want you to buy his book on the coming crash?

This means that employment among the young, the inexperienced, and unskilled will decline with the institution of a higher minimum wage.

It is fairly obvious that the caretakers of the Hemingway Home are more interested in the welfare of these cats, and that the consuming public supports this enterprise. USDA harassment of the Hemingway Cats is an example of bureaucratic excess.

But don't push for a system that would deny producers the right to persuade others, and don't deny others the right to make a choice for themselves.

What's truly ironic is that this alleged benefit is reduced when the government forces every business to raise wages.