Legal System

How would appeals work in a voluntary system of private law? Would defendants be able to appeal clearly outrageous convictions? If so, then what's to stop a murderer from indefinitely appealing his cases?

Everyone knows something is wrong here. Everyone. Except perhaps for patent lawyers, federal judges, and Orrin Hatch. I take that back. I think even most patent lawyers know something is wrong.

What if a president took a different direction and sought popularity by expanding rather than reducing liberty?

"Finally, everything fell into place, primarily from Rothbard and Misesian theory. I found that this issue is difficult, but once you see it, it's one of these issues that sets peoples' minds on fire. It frees you to think about other things in different ways."

What if a president took a different direction and sought popularity by expanding rather than reducing liberty? There is a model here they could follow, but it is not one you have thought of. It is Franklin D. Roosevelt.

Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 9 October 2010.

Many elected officials are already wealthy by most people's standards. What makes the wealthy and otherwise successful want to hold office? Is it an  overweening ego and an insatiable hunger for public adulation?

The government creates "jobs" that are destructive. Because there is no feedback of profit and loss, the only thing that can eventually end a harmful bureaucracy is a massive public outcry.

Coke's legal-economic philosophy might be summed up in a phrase he used in Parliament in 1621: "That no Commodity can be banished, but by Act of Parliament."

Carried through consistently, the right of property would entitle the proprietor to all the advantages that the good’s employment may generat