Contrary to the assertions of these pundits, an economy does not need mountains of debt — whether government or private — in order to grow. Corporations can still raise needed financing through issuing equity. There are pros and cons to debt financing, but it isn’t necessary for a strong economy.

We would do well to study the intellectual, political, social, and economic history that made Mises write with such urgency and passion.

The view of medieval economic thought in which theologians encouraged the setting of “just prices” did not survive de Roover’s reevaluation.

The four institutions that people see as the savior were all born in sin.

Austrian economists have long recognized that the economy is far more complex than simple models capture.

There is 1 percent out there who do live parasitically off the population and exploit the 99 percent. Even today the state is made up of a tiny sliver of the population but is the cause of all the impoverishing wars, inflation, taxes, regimentation, and social conflict.

Whether it’s diamonds and water or hardbacks and e-books, the only cogent explanation for prices comes from the Austrians, not the classical economists.

What the protesters do not realize is that the wealth of the 1 percent provides the standard of living of the 99 percent.

The government creates a demand for these services out of thin air: the existence of ambassadors is what leads to the work done by ambassadors. They do not take their services to market to sell them to anyone who happens to be a willing buyer.