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EducationFree MarketsMedia and Culture
Even in the heyday of liberalism only a few people had a full grasp of the functioning of the market economy.
Free MarketsWorld History
Under capitalism, the common man was no longer a drudge who had to be satisfied with the crumbs that fell from the tables of the rich.
Bajo el capitalismo, el hombre común ya no era un borracho que tenía que estar satisfecho con las migajas que caían de las mesas de los ricos.
Free MarketsLegal System
The idea of government as a paternal authority, as a guardian for everybody, is the idea of those who favor socialism.
Free MarketsWorld HistoryPrivate Property
The development of capitalism consists in everyone's having the right to serve the customer better and/or more cheaply.
Free MarketsInterventionismValue and Exchange
The government wants to arrogate to itself the power, which, in an economy, is in the hands of the consumers.
Free MarketsCapital and Interest TheoryPrivate Property
Antiliberal policy is a policy of capital consumption. It recommends that the present be more abundantly provided for at the expense of the future.
Free MarketsLegal SystemPolitical Theory
This is the fruit of free labor. It is able to create more wealth for everyone than slave labor once provided for the masters.
Big GovernmentFree MarketsInterventionism
Those who advocate equality of income distribution overlook the most important point, namely, that the total available for distribution, the annual product of social labor, is not independent of the manner in which it is divided.
Laissez faire means: Let the common man choose and act; do not force him to yield to a dictator.