U.S. History

Life in a stateless society will sometimes be bad, because not only are people not angels, but many of them are irredeemably vicious. But the outcome in a society under a state will be much worse.

The wave of bombings and assassinations perpetrated by anarchists during the 1890s was largely a fiction. To some extent, it was frankly invented by sensation-mongering writers who hoped to sell newspapers.

Even though these economists — especially Diamond — are very smart and productive, they and their colleagues have hardly helped the plight of the unemployed, as we stumble ever deeper into depression.

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

Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 8 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 Tea Party, no matter how successful it is at the polls in November, will certainly betray the party of liberty. There are several reasons for this, but the fundamental one is intellectual. The Tea Party does not have a coherent view of liberty.

"Let the banks perish. … Now is the time for the complete emancipation of trade from legislative thralldom."

"As long as the easy, attractive, superficial philosophy of Statism remains in control of the citizen's mind, no beneficent social change can be effected, whether by revolution or by any other means."