Other Schools of Thought

What Hazlitt is saying is this: "If we want to keep our free political system, here are the economic principles to which we must return."

But prosperity can't be printed. Government edicts won't magically make us better off. Their fatal conceit will only lead us to disaster.

Presented by Thomas E. Woods, Jr. at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S. Davis.

Presented by Douglas E. French at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S. Davis.

Presented by David Gordon at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S. Davis.

Therefore, whether it is disproportionally hurting African-American teen workers with minimum-wage laws or further endangering already-endangered species, the state is no match for market mechanisms. It remains a slave to unforeseen consequences.

That a functioning market presupposes not only prevention of violence and fraud but the protection of certain rights, such as property, and the enforcement of contracts, is always taken for granted.

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

Victims of micro-level Ponzi schemes are only greedy; they don't infringe upon others' freedom. The same can't be said of those who demand that we all participate in these macro-level Ponzi schemes.

Haiti's government and other governments need to get out of the way and not make a market-based recovery process more difficult than it has to be.