Free Markets

When prices are fixed, and labor conditions are set by law, an employer can indulge his racist preferences without receiving his capitalist comeuppance.

Not state capitalism, not crony capitalism, not mixed-market capitalism, not fascism and interventionism under the guise of capitalism, but unfettered, laissez-faire, free-market capitalism.

Old Right journalist Garet Garrett described the New Deal as a revolution against America's tradition of private property, limited government, and the rule of law.

Presented at the Mises Institute’s first conference, November 16-17, 1983; in Washington, DC.

What can be more Austrian than an investment strategy that is based entirely in the notion that the future is uncertain and accurately forecasting it is impossible?

Neoclassical economists, and specifically monetarists, have brought us here. Keynesian theory fell apart in the 1970s, and now monetarism has followed. The Austrian School is the only remaining source of credible analysis and sound economic policy.

Rather than accept either administrative law or legislation, Leoni calls for a return to the ancient traditions and principles of "judge-made law" as a method of limiting the State and insuring liberty.

The Free Market 27, no. 1 (January 2009)

We must become the intellectual dissidents of our time, rejecting the demands for statism that come from the Left and Right.

The art of economics consists in looking not merely at the immediate but at the long effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.