Free Markets

Relative to what is democracy "efficient"? Wittman does not say.

Private-property rights and laissez-faire were the fundamental heritage of the Roman law to later centuries.

"Production for people, not profit!" Such critics do not appreciate the indispensable service that the profit-and-loss test provides to members of a market economy.

Due to their copper content, nickels are worth slightly more than 5¢ and pennies minted before 1982 are worth almost 3¢. They won't stick around.

WWI served as the model, the precedent, and the inspiration for state-corporate capitalism for the remainder of the 20th century.

European regionalism may very well do more to promote the cause of liberty than the more vigorous, better organized libertarian movement in the United States.

Say's law not only points to the fallacy of the accelerator but to its corollary, "derived demand."

What is of great economic interest is not the mode of distribution at a moment of time but its mode of change over time.

Jefferson was disillusioned by the public debt, high taxation, government spending, flood of paper money, and bank monopolies that accompanied the war.