Global Economy

"We are in a frightening state of affairs, where the government feels the need to commit acts of aggression, through the use of tariffs and quotas, as means of 'economic defense'."

He could not see also that these producers did not create such needs, but instead were fulfilling them and thereby removing the want and pain of their customers and adding to their happiness and standard of living. If he had gone that far, he would have realized the nonsense of his dog-eat-dog, or what would now be called his "zero-sum-game" view of the marketplace.

China in the formative centuries developed protoanarchistic ideas. The total, unsystematic application of those ideas created a system as rigid, as formalistic and tyrannical, as any we have today.

We have long known that Austrolibertarianism is the only truly international economic-political movement outside of Marxism.

"There is of course no point whatever in trying to formulate independent 'laws' for the behavior of two interdependent quantities.

"Zimbabwe's lush soil is the envy of all of Africa. The country is said to hold 80 percent of the world's platinum deposits and huge reserves of natural gas. And along with its rich natural resources, the Zimbabwean population boasts a literacy rate exceeding 90 percent. So what happened?"

Recorded from The Mises Circle in Phoenix, Arizona, April 10th, 2010. Sponsored by James M. Rodney.

For while the humanists would hear of no institutional check on state rule, one critical stumbling block still remained: Christian virtue. What was needed, then, to complete the development of absolutist theory, was a theoretician to fearlessly break the ethical chains that still bound the ruler to the claims of moral principle. That man was the Florentine bureaucrat Niccolò Machiavelli.

Economics is about human choice and action. The praxeological concept of time is not the concept of physics or biology.

In the long run, the religious "peace" of absolutist "moderation" turned out to be the peace of the grave for many Huguenots.