Mises Daily

In every administration, the tools of inflation, borrowing, taxation, and regulation are used to transfer wealth from the people to the government.

The objections raised against the market economy are based on very bad economics.

The Secretary of Defense acts as an indispensable liaison between parties, business, and the state.  The job is guarded by a special class of loyalists, usually extremely bright individuals chosen by the state's elites.

It becomes evident from Richard von Mises's fundamental work that mathematical probability theory can never be applicable to economics, or to any other study of human action.

Unlike Hamilton, Jefferson did not believe that state coercion should be used to re-shape and control society and markets.

As the Marxians do not admit that differences of opinion can be settled by discussion and persuasion or decided by majority vote, no solution is open but civil war.

Conservatives have often claimed that that the libertarian (aka "classical liberal") alleges "human freedom as the single moral imperative. " But I doubt a single example of this could be found in the whole history of liberalism.

All human action stems from the value judgments of individuals. Economics, properly understood, was never so foolish as to believe that all that people are after is higher incomes and lower prices.

J.B. Say and the French Liberal School absorbed a method of approach that was, implicitly at least, subjectivist and individualist. And herein lies the reason for many modern critics' disparagement of the Liberal School.

The Scholastics were constrained in their development of economics by considerations of deference to authority and by the relatively slow development of the external economic conditions upon which to reflect.