Mises explained how the liberal society does not encourage isolation of individuals. In fact, “there is no conflict of interest between society and the individual, as everyone can pursue his interest more efficiently in society than in isolation.”
Industrialization and capitalism finally freed us from the starvation and deprivation of endless centuries of subsistence living. Now socialists in Venezuela have managed to reverse centuries of progress.
When we understand how Mises thought (in principle) newly mined gold could conceivably set in motion the boom-bust cycle, it becomes crystal clear that he thought any amount of newly-issued fiduciary media — i.e., a credit expansion — would do the same.
Jeff Deist interviewed about American Indian tribes and property rights.
Efficiency is backward-looking and static, while value creation is future-oriented and aspirational.
After many decades of rent control and other regulations, New York politicians still can't seem to figure out why housing is so expensive.
Attempts to impose liberal values on the world, to force people to be free, are doomed to failure and will enhance the chances of war. This is largely because nationalism is for most people a far more potent force than liberalism, whether classical or modern.
In the deepest sense, the American Revolution was a conscious majority revolution on behalf of libertarianism and against power.
Having failed to show that capitalism impoverishes people, socialists have invented a new victim of material prosperity: the environment. But this latest turn is the most disturbing of all in its knee-jerk hatred for human beings and human life.
If we stick to the data, regardless of which socioeconomic indicator we choose, it seems clear that the sharp economic downturn began long before 2017.
