The prevalence of social orders based on private-property rights is not a brute fact of nature such as gravity or bad weather. It is very much the result of deliberate human action. It is true that such an order is in conformity with human reason and that in this sense it might be called a natural social order. But this does not alter the fact that its existence is historically contingent. No law of nature has brought about private-property orders. Private property is a fragile cultural achievement. It can be realized if human beings act with the moral resolve to respect private property even though nonrespect might benefit them materially, especially in the short run. And a private-property order can only be maintained if this moral commitment is constantly renewed, which in the long run is only possible if that order is understood and loved.
- Jörg Guido Hülsmann
Bitcoin Audible Read_821- The Most Important Thing You'll Read This Year
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Bitcoin Magazine - Consensus Changes w/ nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
As a remedy for the undesirable effects of interventionism they ask for still more interventionism.
— Ludwig von Mises
Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.
- Thomas Sowell
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The hardest thing to explain is the glaringly evident which everybody had decided not to see.
- Ayn Rand
Perhaps the most valuable thing the "Great American Experiment" accomplished was to demonstrate that "limited government" is impossible. There cannot be a master who answers to his slaves.
- Larken Rose
Reason and experience show us two separate realms: the external world of physical, chemical, and physiological phenomena and the internal world of thought, feeling, valuation, and purposeful action.
- Mises, Human Action
There is no means by which anyone can evade his personal responsibility. Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a self-appointed elite of supermen. In such vital matters blind reliance upon “experts” and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people’s domination. As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny is at stake.
Very few are capable of contributing any consequential idea to the body of economic thought. But all reasonable men are called upon to familiarize themselves with the teachings of economics. This is, in our age, the primary civic duty.
Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups of scholars and specialists. Economics deals with society’s fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.
- Mises
In abolishing economic calculation the general adoption of socialism would result in complete chaos and the disintegration of social cooperation under the division of labor.
- Mises, Human Action
