Free Markets

With Man, Economy, and State, Mises concluded, "Rothbard joins the ranks of the eminent economists."

But because of his interaction with Robert LeFevre in Colorado in the '50s and '60s, libertarian ideas were among those he toyed with and dramatized in certain of his stories.

"The quality of a university graduate has been devalued in recent years to the point where an employer will no longer be impressed at all by an undergraduate degree."

"The modern notion that the acts of a political council have, as such, better moral foundation than the acts of the stock exchange is of course nonsense."

"But if peace meant disaster to the company, it also taught it an important lesson. A company that manufactured more rifles than it could sell to hunters, or to its own government, must seek foreign business."

"What if the management is done by the government? Then we abandon the realm of service and enter into the realm of policy."

"The London merchants were not, however, content with free-market development, and power began to move in on the market. Specifically, the London merchants began to reach for export monopoly."

"When something becomes illegal, consumer demand does not vanish."

Today, as always, the general citizenry needs to understand economic principles and to recognize economic fallacies.

It happens in every single economic exchange that is undertaken by virtue of human choice. Both sides benefit.