Globalization is the process of bringing the entire world into the system of division of labor and thus into the system of social cooperation, of which division of labor is the essence. Its completion will mark the highest level of division of labor and social cooperation that it is possible for human beings to achieve, given the size of the world’s population.
The Industrial Revolution has allowed mankind to improve his environment.
By the “benevolent nature of capitalism,” I mean the fact that it promotes human life and well-being and does so for everyone.
Let the advocates of capitalism proceed in the knowledge not only that socialism is dead, but also that what the world still needs to learn is why capitalism deserves to live.
What would be required to restore New York to its former prosperity and greatness would be the combination of the elimination of public welfare, the abolition of rent controls, and the privatization of the city’s transportation system.
The system of public education could be abolished over the course of a generation, in a way that need not impose financial hardship on the parents of any child alive at the time of the abolition’s commencement.
In the present-day world, a procapitalist foreign policy is indistinguishable from a pro-American foreign policy.
The establishment of gold as money is essential to the achievement of a capitalist society.
A possible way to start on the elimination of the income/inheritance tax right now would be to fight for the immediate adoption of a universal exemption of at least 51 percent of everyone’s income from federal, state, and local income taxation under all circumstances.
The savings of individuals would steadily replace taxes as the source of provision for old age.
An appropriate vehicle for the establishment of the freedom of production and trade, whether all at once or gradually, would be the establishment of one last regulatory-type agency: the Deregulation Agency.
The privatization of property is the most fundamental aspect of a procapitalist political program
If a laissez-faire capitalist society is to be achieved, a political movement pursuing a long-range program will be necessary.
The Republicans need to show that (1) the Democrats, not businessmen, are responsible for rising prices and that (2) what is needed to end rising prices is not price controls but the gold standard.
Ludwig Von Mises is important because his teachings are necessary to the preservation of capitalism and thus of civilization.
A shortening of the hours of work is a highly desirable goal. But it cannot be achieved along with growing prosperity except in a free market.
A shortening of the hours of work is a highly desirable goal. But it cannot be achieved along with growing prosperity except in a free market.
Today, the price of a paper dollar is just one gold cent.
Economics proves the existence of a harmony of the rational self-interests of all participants in the economic system—a harmony which permeates the institutions of private ownership of the means of production, economic inequality, and economic competition.
Capitalism is denounced as “an anarchy of production,” a chaos ruled by “exploiters,” “robber barons,” and “profiteers,” who “coldly,” “calculatingly,” “heartlessly,” and “greedily” consume the efforts and destroy the lives of the broad masses of average, innocent people.
We need to make a beginning toward the establishment of freedom of immigration for all rights-respecting individuals.
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