Free Markets

It is no accident that Germany, the country that inaugurated the social-security system, was the cradle of both varieties of modern disparagement of democracy, the Marxian as well as the non-Marxian.

The imposition of Colbert's regime of statism, monopoly, and prohibitive tariffs, combined with Louis XIV's high taxation and centralization, gave rise, by the late 1660s, to a growing tide of opposition by merchants and nobility alike.

"The more controls and taxation a State imposes on its people," Sam wrote, "the more they will evade and defy them.

"Within the Misesian-Hayekian framework, the only permanent solution to existing malinvestment is to allow its liquidation and the readaptation of the structure of production."

"The sole difference between a gossip and a blackmailer is that the blackmailer will refrain from speaking — for a price."

Contributors to Liberty who rejected intellectual property as a natural right were not hostile to copyright or patent enforced by contract.

The rich can indeed help us all, not by spending but by being thrifty and even miserly for as long as necessary to fix what the government has broken.

The exercise of arbitrary or dictatorial power is, of course, the whole purpose and function of all those agencies, commissions, and czars.

"Even mainstream economists recognize the role that price discrimination can play in allowing producers and consumers to exploit potential gains from trade."

It is through the interaction of many people in the marketplace of ideas and goods that street art, indeed any innovation, is able to reach millions.