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As Murray Rothbard so rightly put it, minimum wage laws translate into “compulsory unemployment.” They don't provide any jobs. They only outlaw them.
Robert Nozick's point that we cannot be taxed on the grounds that we are in part 'social products' is taken from Murray Rothbard's Power and Market.
Rothbard considered how we might determine reparations for stolen land.
A business owner who cannot understand why a customer is not happy — or even very disappointed — with getting a full refund for a faulty product has failed to grasp some very fundamental economic concepts.
Justin Raimondo, longtime editor of AntiWar.com and a great friend of the Mises Institute, has died.
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