Free Markets

Price controls do cause shortages.

In short, the Galbraithian view of the business and marketing system makes little or no sense.

Mises would clearly see the solution to the fiat-money-generated world disequilibrium as a global return to a commodity-money standard with 100% reserve banking as the only monetary policy rule and a banking order that avoids the disequilibria generated by the politically motivated manipulation of the money supply.

It was the singular achievement of Murray Rothbard's America's Great Depression to have demonstrated that the Great Depression was a crisis manufactured and prolonged by the attempts to stop an inevitable downturn.

Free-market advocates and economists must continue to struggle against these harmful economic myths.

If you do believe that they do more good than harm, consider the unseen costs. What kind of private alternatives are being crowded out by the very presence of the police?

The prospect of high profits after natural disasters should attract firms to disaster-prone areas, but if they are not allowed to earn high profits after disasters, they might as well do business in safer environs.

There comes a time in the life of every believer in freedom when he must declare, without any hesitation, to have no attachment to the idea of conservatism.

The bargains the firm makes with its workers are nobody else's business.

The Austrians, on the other hand, see the individual despite the geopolitics of the day, and it is the focus on the individual that leads increasingly toward liberty.