World History

If Scott can excoriate most of his fellow historians for confounding "civilization" with "state-making," he himself can be excoriated for confounding statelessness with lack of government.

Raico's historical essays are not for the faint of heart nor for those whose loyalty to the US or British state outweighs their devotion to truth and humanity. Yet Ralph did not invent the ugly facts he recounts here, as his ample documentation attests.

As Hans-Hermann Hoppe has <a href="http://store.mises.org/Democracy-The-God-That-Failed-P240.aspx">noted</a>, democracy is owned by no one. But neither is representative government. Both are marked by infantilized societies: time preference shortens, current consumption trumps wealth-producing capital formation, tax burdens increase, and government debt swells.

Charles, the third Viscount Townshend (1700–1764), has been shamefully neglected by virtually all historians of economic thought. He is virtually unknown and is often confused with his son of the same name.

The environment determines the situation but not the response. To the same situation different modes of reacting are thinkable and feasible.

The environment determines the situation but not the response. To the same situation different modes of reacting are thinkable and feasible. Which one the actors choose depends on their individuality.

Before the financial crisis, Portugal, Italy, Ireland, Greece, and Spain had been able to finance their deficits at artificially low interest rates. They all assumed that their governments would be bailed out by other countries of the eurozone in order to preserve the holy European Union.

The number of inhabitants in a state depends on their means of subsistence. The means of subsistence depend on the method of cultivating the soil, and this method depends chiefly on the taste, desires, and manner of living of the property owners.

Like today’s central bankers, John Law proposed to “supply the nation” with a sufficiency of money.