The Static Mentality
One of the main shortcomings of the mathematical economists is that they deal with a "static state" as if it were something really existing.
One of the main shortcomings of the mathematical economists is that they deal with a "static state" as if it were something really existing.
The English Levellers were the world's first self-consciously libertarian mass movement.
The capitalist system is a system in which promotion is precisely according to merit. Marx didn't like that.
Market prices will continually be gravitating towards prices where all willing buyers can find willing sellers and all willing sellers can find willing buyers.
"Not only is a judge immune, but he can confer his immunity in a king-like fashion even onto lowly civilians who surround him."
Advocates of commercial treaties maintain that freedom of trade must be reciprocal. Whether they know it or not, they are protectionists in principle.
Protectionism may provide some short-term benefits to a small number of special interests, but at much greater costs to the rest of society.
International exchange and economic freedom are mutually reinforcing, while protectionism is a form of political control.
Price stability is a scheme dreamed up by central bankers and other interventionists in an effort to circumvent markets.