Free Markets

The government closes doors. The market, incredibly and fortuitously, keeps opening them.

Capitalism delivers the goods, and it does so in abundance. Interventionist alternatives do not.

Rothbard and a handful of Misesian economists were virtually alone in maintaining that Hoover's interventionist policies were mainly responsible for what we now know as the "Great Depression." 

From Chapter I of The Bastiat Collection: Volume I. Pages 1-48 in the text. Read by Josiah Schmidt.

The degree to which these union members qualify as economists is the degree to which they must knowingly intend the consequences of their actions and therefore be culpable for them.

"Alain de Botton is not an economist by training, but he clearly understands the division of labor (he even uses the term!) and is a keen observer of human action and the human condition."

But the mere desire to be free has never saved any people who did not know and establish the things on which freedom depends — and these are the things of religion.

In the period from 1913 to 2007, the Fed — implementing its mission to "stabilize the price level" — destroyed over 97 percent of the purchasing power of the dollar. (For comparison's sake, note that the value of the dollar had increased slightly during the 100 years before the Fed was created.)

Right now, the libertarian forces seem to be in full retreat, and West Germany is advancing to familiar ground — to socialism.

So despite the constant outrage and occasional legal hassles, the lack of copyright enforcement in the pornographic movie and entertainment business creates "an industry that is more innovative, creates new products and adopts new technologies more quickly, and for which the reduction in distribution cost has resulted in more output at lower prices and a more diverse product,"