Free Markets

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Mark Thornton

Prohibition encourages suppliers to concentrate the product to make it smaller and thus more potent. In this manner you get “more bang for the buck.”

Andrei Znamenski

To him, the true Indian was expected to be a spiritually-charged die-hard collectivist.

Ludwig von Mises

Every nation, whether rich or poor, powerful or feeble, can at any hour once again adopt the gold standard.

David Gordon

Supporters of the principle need not worry.The objections don’t hold up.

Mark Thornton

Should President Obama ignite an even more horrific war on drugs, à la Ronald Reagan, or should he take a different path?

Frank Shostak

Bitcoin is not a new form of money that replaces previous forms, but rather a new way of employing existent money in transactions.

Frank Chodorov

When the State invades the right of the in­dividual to the products of his labors it appropriates an authority which is contrary to the nature of things.

Murray N. Rothbard

Whereas in the US, conservative economists tend to hail proportionate taxation as ideal, the Thatcherites have apparently understood the fallacy of this position.

Patrik Korda

There is no doubt that bitcoin is a spontaneous answer to the monetary instability that we see all around us today.

Nikolay Gertchev

The role of the algorithm is to ensure a declining progression of the overall stock of bitcoins, by halving the reward every four years.