Free Markets

The demand for a medium of exchange is the composite of two partial demands: the intention to use it in consumption and production and the intention to use it as a medium of exchange.

The Ron Paul of his era, Richard Overton, in both word and deed, was a fearless man, true to his ideals of justice, without regard for personal consequence.

Libertarians know what should be done about government services and operations: they should be privatized. What should be done in the meantime? 

Critics of Roosevelt's New Deal often likened it to fascism. This was recognized to be true during the 1930s, by the New Deal's supporters as well as its opponents.

What characterizes capitalism is not the bad taste of the crowds, but the fact that these crowds, made prosperous by capitalism, became "consumers" of literature — of course, of trashy literature.

Freedom lovers have long tried to win converts — and especially voters — by appealing to first principles of classical liberalism embraced by the Founding Fathers: above all, the inalienable right of an individual to chart the course of his own...

No matter if its Asia, Europe, Africa, or the Americas, the link between economic liberty and economic growth is undeniable. 

When economists idolize "efficiency" while ignoring property rights, they can justify pretty much anything.

Whether the "slander" is due to a misrepresentation of fact or the imposition of ideology, the Industrial Revolution should bring a libel suit against historians.

An industrial innovation enters the market as the extravagance of an elite before it finally turns, step by step, into a need of each and all.