World History

Our Enemy, the State should be in the hands, and in the minds, of the new and rising generation which is being so cleverly and so wickedly seduced by power-drunk State idolaters.

I will not contend that this scheme is free from all the defects inherent in government interference with economic affairs.

Recorded at Mises University 2009.

Recorded at Mises University 2009.

As a result of his misunderstanding of economic theory, the Pope failed to see the connection between every depression we have experienced in modern times and governments' intervening in the free market — the very system that, if left free of distributive-justice actions on the part of governments, would guarantee the attainment of the common good.

The incident points out another lesson in political science, namely, that the state never achieves complete ascendancy over society (if it did, society would disintegrate and the state would collapse from lack of nutrition), and that there are always critics and rebels.

Just as Keynesians and financial commentators bemoan the fact that people are reacting to the current downturn and stock market crash by saving instead of spending and investing, Law did all he could to keep investors from fleeing his crashing Mississippi Company shares and battered currency.

Llosa takes a critical look at the cultural and political institutions that have stood in the way of liberal reforms or distorted reforms for private gain.

The reversion in this century to ever-greater statism threatens to plunge us back to the barbarism of the ancient past.

Libertarians have been critical of zoning laws, which restrict the ability of property owners to develop their property or use it for their desired purposes.