Free Markets

What is the proper sphere of law, property rights, and the state?

If we wish to gain insight into the essence of nationality, we must proceed not from the nation but from the individual. What is the national aspect of the individual person and what determines his belonging to a nation?

Discipline after discipline has been invaded by an arrogant band of hermeneuticians, and now even economics is under assault.

The aim of the law should not be to constrict but to maximize price freedom and market freedom.

In that epoch of virtually unchallenged Keynesian ascendancy, Hutt's work was a beacon for those who defended the truth that economics is about the choices and actions of real human beings.

Recorded in St. Petersburg, Florida on October 22, 2021.

Misesian economics is a foremost threat to the state for it explains the working of the natural order of society and the crippling effects of state interference.

Wapshott has made a career of writing about the clash between economists who favor the free market and those who support a "mixed economy." But he shows his heart by saying that in emergencies, government must supplant the market.

War is only proper when the exercise of violence is rigorously limited to the individual criminals. How many wars have met this criterion?

Once public opinion is convinced that the increase in prices will continue, everybody becomes eager to buy as much as possible and to restrict his cash holding to a minimum size.