World History

The governments of almost all countries are engaged in a campaign against the capitalists. They are intent upon expropriating them by means of taxation and monetary measures.

"In Thomist thought, reason and empiricism are not separated but allied and interwoven. Truth is built up by reason on a solid groundwork in empirically known reality. The rational and empirical were integrated into one coherent whole."

"The fragment on classes was actually written prior to the initial publication of Volume 1 of Capital in 1867. Marx died in 1883. That he never returned to the fragment strongly suggests that he had no satisfactory theory of class."

The political machine is familiar to Americans. While it may lead to gross abuses, experience shows that some sort of behind-the-scenes organization may be useful to the functioning of democratic institutions.

In the course of lengthy arguing against hidden usury in various forms of contracts, the brilliant mind of San Bernardino stumbles, for one of the first times in history, upon what later would be called 'time-preference'.

Alexander Gray (1882–1968) is my favorite historian of economic thought.

Tolkien's Lord of the Rings is thought to be the greatest work of the 20th century with 150 million readers. The book's thesis - Evil power cannot be defeated by power - is libertarian.

The net profit of reform is the accumulation of State power; the net loss is borne by Society.

Public housing, planned cities, government power plants, and coerced unionism were all part of the great cooperation between corporations and government through WWI and WWII.

Mises illustrates his case with a review of the fall of Germany, from the collapse of classical liberalism to the rise of nationalism and socialism