No one saves us but ourselves. No one can and no one may. We ourselves must walk the path.

When the state pours subsidies into favored firms or industries, it does not “stimulate” the economy—it falsifies it. The price system, which in a free market transmits the real valuations of millions of consumers, is bent and twisted to serve political ends. Entrepreneurs, no longer guided by authentic profit-and-loss signals, chase after government favors instead of consumer demand. Capital is squandered, labor misallocated, and production redirected into channels that would never have survived on voluntary support. What emerges is not growth but waste, not coordination but chaos. Intervention severs the connection between what people want and what is produced, replacing the discipline of the market with the arbitrary dictates of the state.

While I value competition, I won’t support a lesser product simply for the sake of having an alternative.

Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must bear the consequences of his actions. — Friedrich Hayek

The whole of economics can be reduced to a single lesson: we cannot escape scarcity.

Math doesn't care about your feelings or your fairy tale ideology. - @calle

Cryptography safeguards property rights more effectively than violence ever could.

Bitcoin Audible • Read_896 - Inalienable Property Rights • Listen on Fountain

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@yan

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” — Friedrich Hayek

And this is the perennial genius of the State: it not only seizes power through deception, but maintains it through the willing self-deception of its subjects. The bamboozle becomes not merely a passing fraud, but the very foundation of political legitimacy. Once the public has been conditioned to equate the State’s coercion with social order, they will defend their own shackles and denounce anyone who points to the lock. The State is not an unfortunate accident that can be corrected by ‘better men’ in office; it is a permanent machinery of plunder and control, inherently hostile to truth and liberty. To grant it power, no matter how small, is to grant it the means to grow, to entrench the bamboozle ever deeper—until, at last, the parasite destroys the host.

The economic freedom which is the prerequisite of any other freedom cannot be the freedom from economic care which the socialists promise us. — Friedrich Hayek

They still believe the economy is a machine with knobs and levers — not a living network mutating beyond their comprehension.

Economics is not a science of material objects or their physical characteristics. It is the logical analysis of human action — of purposeful behavior under conditions of scarcity. Concepts such as “goods,” “commodities,” or “wealth” do not exist independently in nature; they arise from the subjective meanings actors assign to things in the context of their ends and means. All economic categories — value, cost, exchange, profit, loss — are rooted in the structure of action itself, not in empirical observation of physical phenomena. To reduce economics to the study of “goods and services” is to commit a category error. It is not the properties of things that matter, but that these things are chosen, valued, and acted upon by individuals. Economics, properly understood, is praxeology — the systematic study of action based on self-evident axioms, not empirical materialism.

Nothing stops this train

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Radio Rothbard • Trump Is Wrong about Interest Rates • Listen on Fountain

Let's look at some of the reasons why President Trump and his supporters are so obsessed with demanding that the Federal Reserve force down interes...