Mises Daily

The Nazi regime represented not a unique evil in history but rather a now conventional combination of two dangerous ideological trends: nationalism and socialism.

In the case of both athlete and teacher, the rarity of the skill and the number of people who benefit from the individual determines how much they're paid. 

Capital goods become available thanks to secure private property rights, and a class of people willing to save and invest. Without this, there can be no great progress in the standard of living. But, it all takes time. 

The term most frequently applied to Woodrow Wilson nowadays is "idealist." The expression "power-hungry" is rarely used. Yet one scholar friendly to Wilson has correctly described him as one who "loved, craved, and in a sense glorified power." 

Bruno Leoni's Freedom and the Law can be the starting-point for a more "classical" understanding of libertarian natural law actually rooted in the Aristotelian-Thomistic tradition. 

It appears in the absence of formal government, that the Western frontier was not as wild as legend would have us believe.

Böhm-Bawerks was a brilliant economist, and we must also remember his example as a principled man of uncompromising integrity who in the political arena unswervingly fought for freedom and free markets.

The only relevant thing is that indirect exchange and money exist because the conditions for their existence were and are present.

Unlike the ongoing price inflation that is typically caused by central-bank expansion of the money supply, the price inflation generated by diminished supplies of goods is a one-shot affair. 

With the affected business interests demanding regulatory harmonization and the world's legislators and regulators willing to supply it, who will oppose it? The answer, all too often, is no one.