This remarkable book is a sustained attempt to solve what its authors term "liberalism's problem." In a liberal society, people are free to live as they wish, so long as they do not violate the rights of others.
Murray Rothbard was always so gentle in his disagreement with his mentor, Ludwig von Mises.
Beauty is in the eye of beholder and only an individual can make subjective valuation of a work of art based on the satisfaction that he derives from it.
Unfortunately, my experience with current undergrads is proving me wrong.
Paradoxical as it might first seem, the more liberal a state is internally, the more likely it will engage in outward aggression. Internal liberalism makes a society richer; a richer society to extract from makes the state richer, and a richer state makes for more and more successful expansionist wars
If Alabama really wants to convert itself into a haven for prosperity and worker well-being, it would — as a start — repeal any and all wage legislation, and nullify all federal legislation when it is proposed.
But it should be clear that what distinguishes libertarianism from all competing political theories is its scrupulous adherence — informed by sound, i.e., Austrian, economics — to the idea that property rights in scarce resources must be assigned to the person with the best, objective link to the resource in question; and that, in the case of bodies, the link is the natural connection to and relationship between the occupant and the body, while for all other resources, the objective link is first use.
Free-market capitalism allows for a degree of coordination that no other system can match. Those who hold capitalism to a standard of perfection ignore the fact that activist governments have failed to attain anything better, and have often made matters worse.
