The case against capitalism is indefensible. It is smoke and mirrors. It is rooted in envy and malice. It is fueled by a stunning ignorance of sound economics, which is part and parcel of a broader rejection of reason itself. These anti-capitalists, these New Barbarians will — if they get their way — finally destroy not only capitalism, but civilization itself.
Larry J. Sechrest
Larry Sechrest (1946–2008) was professor of economics at Sul Ross University, adjunct scholar of the Mises Institute, and author of Free Banking: Theory and History of a Laissez-Faire Model.
Latest work
Mainstream macroeconomists may—and do—disagree with such an assessment, but Austrian macroeconomists rightly consider the Misesian/Hayekian theory of the business cycle to be one of the signal...
[Excerpt from “ Public Goods and Private Solutions in Maritime History,” Quarterly Journal of Austrian Economics 7, no. 2 (Summer 2004): 3–27.] The Sea as a Frontier Life at sea, especially in the...
