Free Markets

We must hope that those in the Western world who seem to be ready to sacrifice intellectual freedom because it does not mean the same economic opportunity for all will yet realize what is at stake.

The claim that the innovative capacity of modern capitalistic societies sows the seed of general crises can be refuted, for such cyclical patterns only unfold if new innovations are financed by an expansion of fiduciary money instead of by voluntary savings.

The weakness of a benevolent despotism is that there is no guarantee that it will remain benevolent. The Social Welfare State, the modern liberals' goal, is essentially a Germanic concept.

As champions of liberty, Paine and Bastiat threw the covers off the fallacies and institutions that stood in the way of its realization. Both writers bequeathed to us arsenals of intellectual ammunition that will always be deadly to statism.

Here is the truth that environmentalists do not face: Sometimes conserving is not a good idea.

"Menger's work provided the foundation for all of the Austrian School and the bedrock for monetary theory, laying the groundwork for Mises, Hayek, and Rothbard."

So, some Americans are unloading their family treasures and cheering for bailouts, money printing, and gun control, while others are stocking up on precious metals, guns, and ammo to protect themselves and their wealth.

There is no question which group is the civilized one.

"In short, a striker is a man who says, 'I mean to get my living by doing this thing and no other thing as my share of the social effort, and I do not mean to do this thing except on such and such terms'."

"Taxing away a person's ability to fulfill his own wants and then providing him with things he may not care about makes him worse off."

There is a reason for Krugman to pursue this false narrative, and it is not because he actually believes it.