Free Markets

Critics of Roosevelt's New Deal often likened it to fascism. This was recognized to be true during the 1930s, by the New Deal's supporters as well as its opponents.

What characterizes capitalism is not the bad taste of the crowds, but the fact that these crowds, made prosperous by capitalism, became "consumers" of literature — of course, of trashy literature.

Freedom lovers have long tried to win converts — and especially voters — by appealing to first principles of classical liberalism embraced by the Founding Fathers: above all, the inalienable right of an individual to chart the course of his own...

No matter if its Asia, Europe, Africa, or the Americas, the link between economic liberty and economic growth is undeniable. 

When economists idolize "efficiency" while ignoring property rights, they can justify pretty much anything.

Whether the "slander" is due to a misrepresentation of fact or the imposition of ideology, the Industrial Revolution should bring a libel suit against historians.

An industrial innovation enters the market as the extravagance of an elite before it finally turns, step by step, into a need of each and all.

Inequality of wealth and incomes is an essential feature of the market economy.

Calls for finding efficiencies in government by electing or appointing people to “run it like a business” are futile.

Could there be firms without corporate law? The answer is obvious: firms exist and are an important part of modern markets today just as they existed and provided a vital function before the advent of modern legal systems.