Free Markets

"You libertarians are really nuts. … Why depend on the willy-nilly whims of some capitalist exploiter when the state is there to provide this wonderful service for free?"

Austrian economists like Ludwig von Mises and F.A. Hayek opposed government intervention in the macroeconomy because that intervention leads to distorted relative prices and malinvestment.

Carabini admits in the first chapter that in his opinion people are in general attracted to one of two opposing camps — those inclined to liberty and those inclined to mastery — and it is rare that exposure to additional evidence and facts sways anyone to switch camps.

It is time for highway privatization, with MADD taking a lead role in this initiative.

One of our top priorities must be to get rid of a monetary system that contributes to artificial money creation and credit expansion and thus to recurring boom-bust episodes in production and employment.

Simultaneous discoveries tend to be the rule rather than the exception.

Konkin cripples libertarian effectiveness by creating moral problems where none exist: by indicting as nonlibertarian or nonmarket a whole slew of institutions necessary to the triumph of liberty: organization, hierarchy, wage work, granting of funds by libertarian millionaires, and a libertarian political party.

The audio version of Leonard Read’s classic essay. Narrated by Floy Lilley.

One of the most important recent advances in libertarian theory has come in the field of intellectual property. Several writers, Stephan Kinsella most notably among them,