"Milton's argument that the people need free expression of thought rests not upon their inherent virtue, but upon the very fact that none of them are virtuous enough to properly decide the right books for all."
"Ludwig von Mises was, first and foremost, an economist and social scientist who built an entire intellectual system from a very simple principle: man acts."
When a merchant borrows 20,000 francs to purchase a house, it is not the 20,000 francs which he owes, but the house. Money only appears for the sake of facilitating the arrangements between the parties."
Jeffrey Tucker interviews Mises Institute founder Lew Rockwell, and discusses the Murray Rothbard festschrift, published in 1986 in honor of Rothba
By Mises' teachings he has sown the seeds of a regeneration which will bear fruit as soon as men once more begin to prefer theories that are true to theories that are pleasing.
But ignorance cannot account for Keynes's claim that he was the first economist to try to explain unemployment or to transcend the assumption that money is a mere veil exerting no important influence on the business cycle or the economy.
Branden insisted that either JoAnn Rothbard change her views or the marriage be ended.
Although Menger is acclaimed primarily for his role in developing what is now known as marginal-utility theory, his writings on methodological individualism, subjective value, and the economic character of goods ("Menger's Law") deserve more attention.
Davidson seems oblivious to the fact that money has a purchasing power.
