Free Markets

In a voluntary society, both parties benefit from any exchange, or it wouldn't have happened in the first place. We only want the most profitable businesses to be operational, because we will benefit the most from the best and cheapest goods.

From the libertarian perspective, the imprisonment of Jerry and friends is unjustified based on the principle of property rights alone.

The sheaf of protectionist arguments, many plausible at first glance, are really a tissue of egregious fallacies.

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.