Liberty Quotes: Peace and Prosperity

BooksMay 26, 2010
A collection of historical, philosophical, political and legal quotations, assembled by Christopher Kalabus.

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The "Law" of One Price: Implausible, Yet Consequential

Institute Publications
The law of one price is one of the most basic laws of economics and yet it is a law observed in the breach. That a given commodity can have only one price, except for the briefest of disequilbrium transitions

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39. Governors and Government

Audio/VideoOctober 14, 2008
Pages 298-310 in the text, as narrated by Floy Lilley. From Part 4 of Conceived in Liberty, Volume I : "The Rise and Fall of New Netherland."...

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39. Total War

Audio/VideoMay 4, 2009
Pages 245-249 in the text, as narrated by Floy Lilley. From Part 3 of Conceived in Liberty, Volume II : "Relations with Britain."...

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39. Conflict in Boston

Audio/VideoJune 29, 2009
Pages 172-176 in the text, as narrated by Floy Lilley. From Part 5 of Conceived in Liberty, Volume III : "The Townshend Crisis, 1766-1770."...

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39. The Burgoyne Disaster

Audio/VideoMay 19, 2010
Pages 207-217 in the text, as narrated by Floy Lilley. From Part 5 of Conceived in Liberty, Volume IV : "The Military History of the Revolution, 1776-1778."...

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39. A Dangerous Recommendation for High School Economics

Online Text Page from Economic Freedom and Interventionism, Ch. III. Mises As Critic

It is admitted by everybody that the understanding of the American economy developed in most high schools today is not adequate for effective citizenship. In cognizance of this fact, the Committee for Economic Development, and the American Economic Association, a body that includes in its ranks almost all American teachers of economics, cooperated in entrusting a task force of professors and educational administrators with the study of the problems involved.

39. Why Religious People Struggle with Economics

Audio/VideoFebruary 7, 2012
Narrated by Stefan Molyneux. Part IV: "Can Ideas Be Owned?"...

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39. The Final Phase: Coping with the Democratic Ascendancy

Audio/VideoFebruary 24, 2011
From Part II of A History of Money and Banking in the United States: The Colonial Era to World War II : "The Origins of the Federal Reserve". Narrated by Matthew Mezinskis...

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Epistemological Problems of Economics p. 39

Social cooperation, however, can be based only on the foundation of private ownership of the means of production.

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The Anti-Capitalistic Mentality p. 39

The most ingenious technological inventions would be practically useless if the capital goods required for their utilization had not been accumulated by saving.

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Epistemological Problems of Economics p. 39

To the man who adopts the scientific method in reflecting upon the problems of human action, liberalism must appear as the only policy that can lead to lasting well-being for himself, his friends, and his loved ones, and, indeed, for all others as well.

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Heterogeneous Capital: 12 November, 2012: No-More-Armistices Day, Football As Opiate, the Hair's Breadth Spectrum of "Serious" Opinion, and the Transatlantic Trail of Tears

BlogNovember 12, 2012

Anthony Gregory has a good piece on Veterans/Armistice Day.

At the end of the Korean War, President Eisenhower signed a bill in 1954 that changed the name of the national holiday to Veteran’s Day. Perhaps


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6. The Incidence and Effects of Taxation Part IV: The "Single Tax" on Ground Rent

Online Text Page from Power and Market: Government and the Economy, Ch. 4. Binary Intervention: Taxation

We have refuted elsewhere the various arguments that form part of the Henry Georgist edifice: the idea that “society” owns the land originally and that every new baby has a “right” to an aliquot part; the moral argument that an increase in the value of ground land is an “unearned increment” due to external causes; and the doctrine that “speculation” in sites wickedly withholds productive land from use.

Appendix B: "Collective Goods" and "External Benefits": Two Arguments for Government Activity

Online Text Page from Man, Economy, and State, with Power and Market

One of the most important philosophical problems of recent centuries is whether ethics is a rational discipline, or instead a purely arbitrary, unscientific set of personal values. Whichever side one may take in this debate, it would certainly be generally agreed that economics—or praxeology—cannot by itself suffice to establish an ethical, or politico-ethical, doctrine. Economics per se is therefore a Wertfrei science, which does not engage in ethical judgments.

2. The Approach of the "Social Sciences"

Online Text Page from The Ultimate Foundation of Economic Science, Ch. Chapter 6: Further Implications of the Neglect of Economic Thinking

It is customary to hypostatize social cooperation by employing the term "society." Some mysterious superhuman agency, it is said, created society and peremptorily requires man to sacrifice the concerns of his petty egoism for the benefit of society.

V. Comments on the "Balance of Payments" Doctrine

Online Text Page from The Causes of the Economic Crisis, and Other Essays Before and After the Great Depression, Ch. 1. Stabilization of the Monetary Unit — From the Viewpoint of Theory (1923)

1. Refined Quantity Theory of Money

The generally accepted doctrine maintains that the establishment of sound relationships among currencies is possible only with a “favorable balance of payments.” According to this view, a country with an “unfavorable balance of payments” cannot maintain the stability of its monetary value. In this case, the deterioration in the rate of exchange is considered structural and it is thought it may be effectively counteracted only by eliminating the structural defects.

23. The Plight of Business Forecasting

Online Text Page from Economic Freedom and Interventionism, Ch. II. Interventionism

People by and large know today that a boom brought forth by a policy of credit expansion and "easy money" cannot last forever and must sooner or later lead to a slump. They do not want to be taken by surprise and ruined. They are anxious to learn in time when the turning point will come because they plan to arrange their affairs early enough so as not to be hurt by, or even to profit from, the crash. As they believe that economics is the art of predicting tomorrow's business conditions, they consult the economists.

39. The False Ideological Foundation of Unionism

Audio/VideoJanuary 31, 2014
Section Five: Workers and Unions. Narrated by Harold L. Fritsche.

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23. Last Years

Audio/VideoApril 14, 2011
From Part VI: Mises in America. Narrated by Paul Strikwerda. [53:39]

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