Free Markets

Murray Rothbard explores Bruno Leoni’s call for a return to the ancient traditions and principles of "judge-made law" as a method of limiting the state and ensuring liberty.

Robert Blumen talks with the Mises Institute with a about the Austrian School’s growing influence among investors.

Walter Block’s new book Toward a Libertarian Society covers a wide variety of topics from the death penalty to secession, and from war to macroeconomics.
 

It is a great irony that visions of socialist harmony necessarily result in rancorous and destructive struggles among groups with contradictory visions of the good society. It is perhaps equally ironic that profit-driven competition in markets results in the highest attainable degree of social harmony. Yet, this is how the world really works.

The notion of limited government is incapable of being realized in practice. If there is a monopoly government, any limitations on the government must be ones the government has imposed on itself. To expect this sort of limitation to be effective is futile.

Government intervention in health care has driven up health care prices.

It is a fact that severe poverty has disappeared in the most industrialized countries. The wealth of the first-world welfare states was made possible by those countries’ turn toward free markets in the past. Likewise, the turn toward more free markets in the developing world has reduced poverty there.