Legal System

The small State can do to Society everything the large State can do, but not so much of it.

People did not conceive that what they lamented was the necessary outcome of policies directed toward a lowering of the rate of interest by means of credit expansion.

I see a pattern there — a pattern that can mean slavery for free men everywhere if it is not broken.

"The object aimed at in the punishment of vices is to deprive every man of his natural right and liberty to pursue his own happiness under the guidance of his own judgment and by the use of his own property."

To the individualist Lao Tzu, government, with its “laws and regulations more numerous than the hairs of an ox,” was a vicious oppresso

"Nagel thinks that people in society are morally bound to each other in ways that generate egalitarian obligations."

The inevitable result will be the complete dissolution of the private health-insurance market.

The Austrian, broad approach to the study of social reality is something which legal theorists could very much benefit from.

"Milton's argument that the people need free expression of thought rests not upon their inherent virtue, but upon the very fact that none of them are virtuous enough to properly decide the right books for all."

Economic theory suggests that unaccountable, legally protected monopolies are inefficient.