Free Markets

What we need is something else: the establishment of a different kind of monetary system, one that uses competitive markets in the area of money and banking, and that eliminates the currency monopoly of the state.

"Any individual who would live beyond his means, voting himself into a home that he cannot afford, is not a desirable neighbor for those who adhere to the concepts of private ownership and control of property."

Americans had no overall plan. They had something more important. They had personal freedom to plan their own affairs; and the avalanche of human energy resulting from that freedom swept from the Atlantic to the Pacific, from the Great Lakes to the Rio Grande.

In order to answer these questions, we must realize that government is an agency for coercion, and we should understand how man reacts to coercion or in the absence of coercion.

In a free market of justice, police making many errors would thus quickly be eliminated by bankruptcy.

The belief that government is necessary to ensure social order is a pure superstition, based upon a psycho-epistemological process different in no important respect from the belief in goblins and witches....

Economics is about the most important and interesting drama of all — human action.

Once one realizes where the state fails, one can only conclude that the best course of political action is to reduce the size of the state or even do away with it altogether.

Only those who embrace Pink's advice to develop a whole new mind, and Hazlitt's recommendation to develop real thinking and problem-solving skills, will be successfully employed in the dark days ahead.

In a recent flash of insight, I came up with a way to make charitable impulses more productive, but I had to abandon the idea once I realized the government wouldn't approve.