And you’re in a dilemma. If you explain too fast, people think you are pulling shit out of your ass. If you explain slowly like this, people don’t get your point. So let me just explain fast. If you want detail why I think my theory is correct, you can ask for detail. Governments want to prevent rich people from having children. Governments want poor people to have many children and get rich men to pay for those […]

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Tweet … is this line in Richard Fulmer’s comment on a recent EconLog post by Art Carden: Capitalism delivers what socialism only promises. The post Quotation of the Day… appeared first on Cafe Hayek.

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    A regular theme around these parts is “Nobody Knows Anything.” Specifically, nobody knows what will happen in the future. This is true about equity and bond markets, specific company stocks, and economic data series. We do not know which geopolitical hot spot will erupt in turmoil; we have no idea where or when the next natural disaster will hit. We remain clueless as to what sports teams will win it all or who will be the […]

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“The freedom of man under capitalism is an effect of competition. The worker does not depend on the good graces of an employer. If his employer discharges him, he finds another employer. The consumer is not at the mercy of the shopkeeper. He is free to patronize another shop if he likes. Nobody must kiss other people’s hands or fear their disfavor. Interpersonal relations are businesslike. the exchange of goods and services is mutual; it is not a […]

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Can an increase in the supply of gold cause a boom-bust cycle? Mises believed it was theoretically possible but highly unlikely. Rothbard, on the other hand, said as long as gold is money and there is no fiduciary media, such a scenario was not possible.

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