Interventionism

It shouldn't come as a surprise if it eventually turns out that the real danger is, like so often in the past, inflation rather than default.

Property rights, when well-defined and protected, create incentives for self-interested owners to utilize resources in numerous ways that promote the social good.

"The true villains were clearly the bankers themselves."

Abuse of the GDP equation leads economists and pundits to blame savings and praise reckless consumption, to hate imports and love exports, and (in principle) to attribute a doubling in the flow of goods coming out of factories to a nonchange in the level of a nonexistent stock of inventory.

Libertarians should not shy away from presenting "policy issues" in terms of their actual meaning — in terms of criminality versus law.

Moreover, the obligations of nondiscrimination and transparency will have negative effects on innovation, investment, and prosperity, instead of the positive effects that may be expected from the openness of the Internet.

State-issued money, as the "critical command post," serves to subtly reinforce the authority of the state, insidiously plunder the savings and purchasing power of its subjects, and massively manipulate the economy.

"And it is here — let's pinpoint the exact date at Greenspan's 'irrational-exuberance' call in December 1996 — where the Austrian men separate themselves from the Keynesian and Friedmanite boys."

Presented by Rothbard at New York Polytechnic University in 1972.

Price controls — triangular interventions — occur when an intervener (generally government) either compels a pair of people to make an exchange or prohibits them from making an exchange.