Shawn Ritenour

Conflicts are not inherent in the operation of an unhampered market economy. There are conflicts between citizens because the government steps in and gives special privileges to some and not to others.

One of the great lessons of Mises’s Human Action is that the institutions of the free society—private property and sound money—make up the environment enabling economic progress, and hence, human flourishing. It is the book that made me an economist.

When attempting to explicate a theory of the business cycle, it is important to identify between those components that are necessary features of the cycle and those that are merely incidental.