"This is firsthand experience of the truth of Mises's argument against socialism: that without market prices for factors of production, there is no intelligent or rational way to organize society."
Nonscarce goods are a great gift courtesy of the structure of the world, a boon to humankind, a vast treasure of resources—tools for making the world a relentlessly better place.
Give away what isn't scarce, and make what is scarce — live performance — truly scarce and unique. Sell service and upgrades, and always foster loyalty.
Hoppe has lifted the American libertarian movement out of decades of sterile debate and deadlock, and provided us a route for future development of the libertarian discipline.
There are useful and rich nuggets covering every aspect of Rothbard's intellectual project, starting with his bold call for the necessity of a pure and unsullied libertarian set of institutions and activists.
Dissatisfaction with the Treaty of Versailles, as well as the ravages of the Great Depression, brought Hitler to power in Europe.
Bollinger distrusts market competition and he distrusts you and your ability to make choices about what information you wish to receive. He is a dangerous man.
In none of the three cases mentioned above were the students aware of just how close their beloved books had come to a permanent death.
Labor is a factor of production. The price the seller of labor can obtain on the market depends on the data of the market.
Just about everyone is drawn to the libertarian respect for property rights. Yet most people draw back from fully embracing property rights, and taking libertarianism to its fulfillment in "anarchocapitalism" or free-market anarchy.
