The Third World suffers from a lack of economic development due to its lack of rights of private property, its government-imposed production controls, and its acceptance of government foreign aid that squeezes out private investment. The result is too little productive savings, investment, entrepreneurship, and market opportunity.
– Murray N. Rothbard, Making Economic Sense, p. 153
Watch on Odysee
Podcast: Play in new window | Download
Recent
https://youtu.be/TljgiFOCRdg A final word about conscription: of all the ways in which war aggrandizes the State, this is perhaps the most flagrant and most despotic. But the most striking fact about conscription is the absurdity of the arguments put forward on its...
https://youtu.be/ybD7vbnNDy4 The current President can teach us a lot about how incentives can alter a persons behavior. Assume you agree with me, that Trump is a nefarious actor. Was Trump more of a threat to humanity in the voluntary sector, or the political...
https://youtu.be/596oTshKdgs As a result of expanding cooperation, human beings, unlike lower animals, compete to produce, not to consume. Mises expressed this with my favorite sentence in Human Action: “The fact that my fellow man wants to acquire shoes as I do, does...
