Free Markets

The mania for legislation would be, in an important degree, restrained if the government were compelled to pay the expenses of all the suits that grew out of it.

Protectionism and all other forms of war by the state on its people are devastating, and need to be undone.

Cather's most straightforwardly economic book is O Pioneers! (1913).

In a governmentally controlled society, the unrestricted enjoyment of property ownership is not permitted, since government has the power to tax, regulate, and sometimes even confiscate (as in eminent domain) just about anything it pleases. In a laissez-faire society, everything which was valued and rationally claimed would be owned, and this ownership would be total.

We are witnessing a great tragedy: more and more people being driven by indignation about the suppression of political and intellectual freedom joi

The only genuine, long-term solution is to force the state to retrench and allow the essential characteristics of free enterprise to reassert themselves in the market, especially in the realm of market prices and private property. There is no middle way. To plan otherwise is to plan for chaos.

Hoppe definitively established that the unhampered market is superior in improving social welfare.

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.