Prices

On a competitive market there is no such thing as a price policy of the sellers. They have no alternative other than to sell as much as they can at the highest price offered to them.

Artificial credit created by a deceptively low rate of interest leads to speculative bubbles.

Market prices turn incomprehensibly complex relationships into very simple ones.

"All of this government intervention will only spawn new malinvestments and later depressions."

The wealth that strip-club patrons and strip-club moguls thought they had to throw around was but an illusion, and the reality is sobering for the entertainers, cabbies, politicians, and others who have been riding the strip-club boom.

The real threat to humanity comes from governments growing ever more powerful in the name of fighting climate change.

In a free market, no shortages would exist. In fact, it is very unlikely any of the earth's resources would be used up.

Nevertheless, economic law is relentless and Mises is still right: due price will be paid sooner or later.

Economics is not about goods and services; it is about the actions of living men.

Leading Austrian Economists discuss Henry Hazlitt's classic book Economics in One Lesson. Interview 8 of 12.