The use of a medium of exchange is required to expand the size and scope of the market. Many different … Read the rest
Tag: logic
Limit of the Mind
The limit of the mind is recognized by the fact that man acts. This is an incontestable axiom. The … Read the rest
The Science of Peace
The law that’s absolutely supreme, inescapable, and eternal is natural law. We can only have justice if natural law … Read the rest
Freedom or Statism
We can either have freedom or statism but not both. Statism is being pushed all over the world. Freedom can’t … Read the rest
Effects of Inflation
Inflation leads to the business cycle, without a doubt. However, it can do something much more sinister, completely obliterate … Read the rest
Confiscation
The idea that interfering with property rights will not influence production is absurd. It’s extremely naïve to think confiscating … Read the rest
Purchasing Power of Money
Price is the result of the subjective valuations of the exchangers. One good is being exchanged for another. The exchangers … Read the rest
Bastiat’s Broken Window
An action produces a series of effects. These effects can be divided up between the seen effects and the unseen … Read the rest
Ideological Hypnosis
A systematic hammering of certain ideologies will produce the desired effects on many. This will soften the mind and then … Read the rest
The Size of the Social Unit: Centralization
A state is an entity that has a territorial monopoly of exploitation. This takes the form of: legal institutions, … Read the rest