Free Markets

Tourist Joe can complain about rising prices in the event of a papal death, but he should recognize their role in minimizing problems resulting from scarcity.

"An improving economy neither consists of an increasing GDP nor does it cause the overall stock market to rise."

First published in the December 1958 issue of The Freeman, "I, Pencil: My Family Tree as Told to Leonard E. Read" is written from the point of view of an Eberhard Faber pencil.

In her claimed "ten years of study," all Annie Leonard learned how to do was be an environmental alarmist, political hack, and liar. How sad.

"Huebert succinctly and accurately explains that applying libertarian principles to foreign affairs leads to a policy of peace and nonintervention."

Rothbard maintains that one cannot consistently combine libertarian economic policies with international belligerence.

Alleged deficiencies could be removed by a reform of the laws concerning liability for damages inflicted and by rescinding the institutional barriers preventing the full operation of private ownership.

"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.