Socialism has brought economic paralysis and/or collapse to every country that tried it. The degree of socialization has been the degree of disaster. Ayn Rand

As the official voice and dominant power of the culture, mysticism died with the Renaissance, though the echoes of its death lasted for centuries. With the rebirth of reason and science, men began the slow, faltering, upward climb toward a society in which the self-assertive, creative power of man’s mind could find expression. For man […]

Altruism – as an ethical principle – holds that man must make the welfare of others his primary moral concern and must place their interests above his own; it holds that man has no right to exist for his own sake, that service to others is the moral justification of his existence, that self-sacrifice is […]

The realization of technological improvement is therefore impaired; the quota of capital invested per worked employed is reduced; a check is placed upon the rise in the productivity of labor and upon the concommitant rise in real wages. It is obvious that the popular belief that this mode of taxation harms only the immediate victims, […]

In their eyes the depression is merely caused by a mysterious lack of people’s propensity both to consume and invest. While the only real problem is to produce more and to consume less in order to increase the stock of capital goods available, the interventionists want to increase both at the same time. Ludwig von […]

It is the outcome of the fact that the capital invested per head of the employees is much greater than in China and that consequently the marginal productivity of labor is much higher. Ludwig von Mises, Human Action