If we were to make a science out of the study of special interest groups, we would conclude that the cause of liberty is hopeless. Those who have the most to gain from intervention are well organized and well connected. Those who have the most to gain from freedom are dispersed, diffuse, and not well connected.
After all, these intangible financial instruments can't be eaten or used to build a house, so what good are they? The present article seeks to answer just this question.
Contrary to the accepted way of thinking, recessions are not negative growth in GDP for at least two consecutive quarters.
Free movement of capital, including human capital, is one of the pillars of prosperity. What explains this migration is not the political will of some evil western countries, but the price system that does an excellent job in directing capital where it can be the most productive.
The most accurate description of the twentieth century is "The War and Welfare Century." This century was the bloodiest in all history. More than 170 million people were killed by governments with ten million being killed in World War I and fifty million killed in World War II. In regard to the fifty million killed in World War II, it is significant that nearly 70 percent were innocent civilians, mainly as a result of the bombing of cities by Great Britain and America.
Rothbard worked his entire life to shore up this ideological apparatus — in economic theory, historical studies, political ethics, cultural criticism, and movement organizing.
The first form of government in the New World was an emergency measure to maintain the Pilgrim control over the servants and other settlers.
Despite their horrible reputation, stock speculators perform a crucial service in the market economy. Their attempts to buy low and sell high quickly eliminate mispricings in the stock market.
Globalization is the process of bringing the entire world into the system of division of labor and thus into the system of social cooperation…
Here's the positive. Milton was a beacon of light on issues such as the minimum wage law, free trade, and rent control.
