The doctrine in favor of the balance-of- payments is the worst illusory idea. Governmental interventions that seek to regulate international monetary flows to provide the necessary quantities of money for the economy are superfluous.
Human cooperation means that everybody tries to contribute to the improvement of human conditions. It is in the market that I give something in order that you give something. Exchange leads to higher standards of living. Voluntary exchanges create civilization.
Printed paper is the least fit to serve as money. Paper destroys the monetary system. Various commodities have been employed until silver and gold and then gold alone won out because its quantity cannot be manipulated by the governments.
It was a purposeful confusion on the part of the German metaphysicians of statolatry that they clothed all men in the government service with the gloriole of altruistic self-sacrifice.
The capitalists, the enterprisers, and the farmers are instrumental in the conduct of economic affairs, but the captain is the consumer.
A collection of ten speeches and lectures by Murray N. Rothbard, spanning from the 1970s to the early 1990s.
Mises explains that the core choice we face is between rational economic organization by market prices and the arbitrary dictates of government bur
Presented by Roderick T. Long, this ten-lecture seminar surveys the praxeological foundations of libertarian ethics.
