If the government merely returned to its 2003 spending levels, then the current revenue stream would be enough to pay for everything.

Governments and their intellectual front men believe that nothing unites a population like a war. Actually, that’s not quite true. If you truly want to unite a population, here is a key: drive the dictator out of the country. The fleeing of a despot always leads to unparalleled and authentic celebration.

The idea of consumer sovereignty was central to Mises’s understanding of the market economy. According to this understanding, consumers shape the pattern of resource use and the assignment of resource rewards according to their preferences. The outputs being produced at any date, the methods of production being employed, and the rewards being given to the various owners of productivity are those dictated by consumers.

I discussed sweatshops and immigration in my Forbes column a few weeks ago.

It’s appropriate that this was released today in light of this morning’s discussion of sweatshops. Here’s the last in a series of LearnLiberty.org videos from Benjamin Powell:

The dream of Keynesians like the late Paul Samuelson is slowly taking place. The use of cash has declined to the point that the government has slowed its printing presses. The New York Times reports ,

Great column by Sheldon Richman in The Freeman, with yeasty discussion in the comments:

This is, very truly, one of the most interesting lectures I’ve ever heard. Perhaps it is not surprising that he draws from Misesian praxeology:

Yet another group embraces the free exchange of information. This is heroic. The open revolution is unstoppable; more and more people and groups are recognizing the distinction between information and scarce resources. Those who do not join us will be left in the dust.

See also: