One of the most brilliant and forceful attacks on Cold War foreign policy in the postwar era came from the pen of the veteran free-market publicist Garet Garrett, in his pamphlet “The Rise of Empire.”
Competition is a process of the formation of opinion: by spreading information, it creates that unity and coherence of the economic system which we presuppose when we think of it as one market.
The broken-window fallacy, under a hundred disguises, is the most persistent in the history of economics.
The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence.
In every administration, the tools of inflation, borrowing, taxation, and regulation are used to transfer wealth from the people to the government.
The objections raised against the market economy are based on very bad economics.
Professor William Anderson and Jeff Deist discuss the most important and devastating critique of administrative rule ever written.
State-centered ideas around crime focus on imprisonment and punishment. But a restitution-centered model would be much better for victims.
