Commerce tends toward rewarding inclusion, broadness, and liberality. Tribal loyalties, ethnic and religious bigotries, and irrational prejudices are bad for business. The merchant class has been conventionally distrusted by tribalist leaders — from the ancient...

Ultimately, all arguments against markets are arguments against anarchy. Marx understood this much, at least.

Freedom is the foundation for all wonderful things in life.

There is only a certain amount of wealth in the world, this thinking goes. Economics is a matter of acquiring and allocating, not creating. This was the view of the world’s smartest people, all top...

When the state itself is held to the same moral standards as everyone else, it dies. And that’s a wonderful thing.

What is a price? It is a proposed point of agreement between a buyer and seller. The proposal is the key. It is not a marching order. Past prices represent deals done in history. Current...

Where there is commerce there is peace.

Free markets are the real people’s revolution.

The problems in every country are the same. Bureaucracy is strangling innovation. Overgrown political sectors are sucking away resources that could otherwise lead to growth. Regulations and taxes are punishing innovation. Public sector services are...

The instant that any government obtains a monetary printing press, it becomes a deeply dishonest government, empowered to rob people by stealth. A government with the power to print money knows no limits.

In the same way that central banking nearly wrecked the world and created one calamity after another, bitcoin can save the world one transaction at a time.It is time for a new beginning.

We really don’t get all the government we pay for, and thank goodness. Lord protect us on the day that we do.

People and institutions that refuse to admit error eventually discredit themselves.

The goal of intellectual life should be to see and understand what is true, not merely to adhere to a prevailing orthodoxy.

The government never minds having more power, and is always prepared to paper over the problems it creates. An economy not bludgeoned by powerful elites is the ideal we should seek, even if it has...

Without anarchy, there would be chaos.

all children should be forced into a prison-like building for 12 years.

The market economy is delivering miracles by the minute and yet we hardly notice or care; worse, we denounce the realization of this dream of all of history, this coming of heaven on earth and...

Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that...

But now I understand something more fully that I once only understood abstractly. I see how utterly ridiculous it is to think that the state can be the right means to help those who are...

80s music sounds so 80s now. But in the 80s, it just sounded like music.

Someone asked me the other day if I believe in conspiracies. Well, sure. Here’s one. It is called the political system. It is nothing if not a giant conspiracy to rob, trick and subjugate the...

Liberty is not about class war, income war, race war, national war, a war between the sexes, or any other conflict apart from the core conflict between individuals and those who would seek power and...

The overwhelming tendency of markets is to bring people together, break down prejudices, persuade people of the need to cooperate regardless of class, race, religion, sex/gender, and physical ability. The same is obviously and especially...

No one wants their stuff stolen. No one wants their physical person harmed. If you understand the implications of those two truths, you can come to see the egregious moral and practical problems of a...

Growing economies are built by billions of actors behaving according to their own interests, coordinated through institutions that no one in particular created.Realizing this requires humility, a trait that is in short supply among would-be...

Beautiful, seamless upgrade from Twitter today, making functionality smoother and cooler. We didn’t have to lobby, didn’t have to beg, didn’t have to elect a new leader, didn’t have to push or protest. Progress is...

Recall that the minimum wage was initially conceived as a method to exclude undesirables from the workforce.