Introduction to Economic Sophisms
My design in this little volume is to refute some of the arguments that are urged against the freedom of trade.
The Essential Problems of Human Existence
There is only one thing that is certain about the individual’s future and death.
The Economic Consequences of Cheap Money
[From a memorandum, dated April 24, 1946, prepared in English by Professor Mises for a committee of businessmen for whom he served as a consultant, this article appears in The Causes of the Economic Crisis, and Other Essays Before and After the Great Depression (2006) as chapter 5, “The Trade Cycle and Credit Expansion: The Economic Consequences of Cheap Money.”]
Economics is Abstract Reasoning
“Economics, like logic and mathematics, is a display of abstract reasoning. Economics can never be experimental and empirical. The economist does not need an expensive apparatus for the conduct of his studies. What he needs is the power to think clearly and to discern in the wilderness of events what is essential from what is merely accidental.”
—Ludwig von Mises, Human Action: A Treatise on Economics
End This Nonsense Now!
[End This Depression Now! By Paul Krugman. Norton, 2012. Xii + 259 pages]
Defending the Defendable
Ron Paul for President in 2012: Yes to Ron Paul and Liberty by Walter E. Block. Bronx, New York: ISHI Press International.
The State-Subsidized Car Nobody Wants
Of course, GM does understand at least one economic concept: rent-seeking.The State is a Protection Racket
“Yet how can there be better protection for A and B, if S must tax them in order to provide it? Is there not a contradiction within the very construction of S as an expropriating property protector? In fact, is this not exactly what is also--and more appropriately—referred to as a protection racket? To be sure, S will make peace between A and B but only so that he himself can rob both of them more profitably.”
—Hans-Hermann Hoppe, Democracy: The God That Failed
An Inevitable Unity to Market Phenomena
“And it was realized that there is an inevitable unity to market phenomena that even power cannot undermine. It was discovered that in the social arena there is something at work that even the one holding power cannot bend and to which, in achieving his ends, he must conform no differently than in submitting to the laws of nature. In the entire history of human thought and the sciences, there has never been a greater discovery.”
The Private Economy Is Doing Fine: Regime Uncertainty or Regime Worsening?
A day after President Obama opined, “the private economy is doing fine”, the Wall Street Journal in its “Notable & Quotable” (June 9, 2012, on page A11) highlighted Economist Robert Higgs from his new book “Delusions of Power” (2012) (Here and here). Dr.
