Interventionism

"Such aggregates have little meaning, as all human action consists of striving for individual goals."

The Social Security system has run its course. It's unfair and it's economically destructive. It's time for the program to be abolished.

With the renaissance of Keynesian economics we can only conclude that the preconditions for a new super cycle have been established, and that if the policies are not reversed we face many years of depressed economic conditions.

So long as Obama continues to expand the state in the domestic area — inflating, taxing, regulating, nationalizing — they will put up with abuses of the human rights that they claim to champion.

Obama's actions have already laid the foundation for a gigantic bubble and a further weakening of economic fundamentals.

"The work of remaking [the world] will be long and hard, and will require some sacrifice."

Fortunately, Austrian economists have shown that every product and service can be offered privately, without the use of monopoly force through government.

The free market doesn't pump up the money supply and push interest rates down to levels that promote unsustainable bubbles. The free market punishes reckless risk takers, while it is government that bails them out (and thereby encourages them to take greater risks in the future).

Conscription was an unjust, capricious, and immoral disaster then. We don't have any reason to think things will be different now.

Genuine market economies — meaning those that maximize the long-term benefits to consumers and producers — thrive when state power is minimized. With this in mind, abolishing the FAA and firing its bureaucrats who hinder the market order would constitute a step in the right direction.