Corporate Welfare

Presented at “Recovery or Stagnation?,” the Mises Circle in San Francisco; sponsored by Mark L.

I do not believe that the power and duty of the general government ought to be extended to the relief of individual suffering which is in no manner properly related to the public service or benefit.

The housing debacle was a project created over three-quarters of a century by fascists from both parties.

"The division of labour is limited by the extent of the market." The extent of the market, however, is best defined by entrepreneurs and consumers, not regulators.

Freedom, choice, and capitalism will pay a dear price because a group of government bureaucrats, on the receiving end of political favors, will run a major sector of the US economy and foist a prescribed lifestyle upon American consumers.

This free-market system encouraged just the right mix of tradition and innovation.

Nothing is easier than to think of things that would require the performance of virtually unlimited labor in order to accomplish virtually zero result. Such is the nature of all job-creation programs.

Austrian economists like Ludwig von Mises and F.A. Hayek opposed government intervention in the macroeconomy because that intervention leads to distorted relative prices and malinvestment.

The bonds will be backed by the usual way that the government gets money, which is to tax it or inflate it away.

Instead of trying to abolish failure via bailouts, we should let markets work, let failure run its course, and be so much the wiser for it.