Political Theory

Why government is inherently wealth-destroying, compared to free-market entrepreneurship, the source of wealth creaton.

Recorded at Mises University 2010.

Recorded at Mises University 2010. Includes an introduction by Mark Thornton. 

"The sole difference between a gossip and a blackmailer is that the blackmailer will refrain from speaking — for a price."

The ensuing debasement of the currency is the economically devastating outcome of central banks' unlimited power to suppress the interest rate. This, in turn, is the result of the government taking full control over money production.

Recorded at Mises University 2010. Includes an introduction by Mark Thornton. 

"Even mainstream economists recognize the role that price discrimination can play in allowing producers and consumers to exploit potential gains from trade."

The rebels’ overriding grievance was against the tax farmers and tax officials: “It is they who have forced [the peasants] to take up a

Setting your entire production structure on the whims and fancies of bureaucrats and politicians, based upon central-planning diktat quickly leads to economic chaos.

If laws or business customs force the employer to make other expenditures besides the wages he pays to the employee, the take-home wages are reduced accordingly. Such accessory expenditures do not affect the gross rate of wages.