Don’t Bail Them Out
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.
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.
Nor should we allow ourselves to be browbeaten by the IPCC carbophobes when they use dubious science and worse economics to make us believe that the entire planet is in imminent danger of a cataclysmic collapse unless we ordinary folk (though, naturally, not the cosseted members of the Green Sanhedrin itself) give up all hope of a better standard of living.
Surely every libertarian supports civil liberties, the corollary and complement of private property rights and the free-market economy.
Philp captures much of the controversy surrounding modern yoga in his film, but not all.