Free Markets

The Mexican Mafia has become a state, with a monopoly of violence and coercion over a geographical area.

If we consider individual people instead of statistical categories, we must reject the leftists' conclusion that the rich are increasingly dispossessing the rest.

Shadow work is any work we do that we aren't directly compensated for. What its critics miss is that this shadow work is one of the effects of inflation, along with the government's ongoing effort to prop up the cost of labor with regulations and the minimum wage.

It is more advantageous for Friday to treat Crusoe as the rightful owner of his timber, and to thereby preserve and intensify their division of labor, than it would be to resort to force. Human life is characterized by what Mises called the “universal law” of the greater productivity of the division of labor.

Only if one understands the subjective theory of value may he proceed logically to a belief in private ownership and control of property.

While pop and rock hits were attracting pirates, the same methods were available to aficionados of opera, classical, jazz, and show music.

The imposition of new taxes shifts wages and prices in ways that are impossible to predict beforehand and difficult to measure even after the fact.

While we were students of the state education apparatus, how many of us had to write research papers where we were asked to "change the world"?

They keep trying and trying with ever-worse results. There is no middle way to solve the housing crisis. The real help for underwater homeowners will only arrive when Fannie, Freddie, and the rest are allowed to fail.

Many have misdirected their anger toward illegal immigrants or the businesses that hire them. Their outrage should be aimed at the state.