Free Markets

Hayek’s last proposal for monetary reform calls for privately issued, competing fiat currencies. It's debatable whether or not this is a good idea.

We have reached the end of Murray Rothbard's definitive treatise Man, Economy, and State! 

For the LP Mises Caucus, Bob received a slew of questions to be answered in a half hour. The topics range from business cycle to free trade to a "voluntary" State.

Dr. Patrick Newman joins Jeff Deist to discuss Rothbard’s groundbreaking conceptual work in private defense, private courts, and the stark realities of political incentives.

In a free market, goods pass to those who are willing to pay the most to get them. A legal system that allows people to bid against each another for the goods they want displays equal concern for its citizens.

Jeff Booth says that fast-improving technology causes prices to fall, and that we would have a more prosperous world if government would step aside and embrace deflation rather than fight it.

Sumner is wrongly accused of being a "social Darwinist." Indeed, there is considerable evidence that the entire concept of "social Darwinism" as we know it today was virtually invented decades after Sumner's death.

It is ideas that determine what people consider as their interests. Free men do not act in accordance with their interests. They act in accordance with what they believe furthers their interests.

The political entrepreneur succeeds by using the implicit violence of government to cripple his competitors and harm consumers. The market entrepreneur, on the other hand, makes his fortune by providing consumers with products they need at prices they can afford.