"Economic science establishes existential laws, of the type: if A, then B. Mises demonstrates that this science asserts that laissez-faire policy leads to peace and higher standards of living for all..."
"...the further a family of either race slips behind the average income of nearby households of the same race (becoming too poor to compete in the signaling game), the less it spends on these visible goods."
"But where Americans have seen defensive behavior, the rest of the world has looked on and seen the most powerful nation in human history acting like a caged animal..."
"Those who advocate coercive arrangements to obtain Pareto efficiency gains are forced to ignore the revealed preferences of the people involved, and thereby commit a fundamental economic error."
"If children could be cloistered with other children, stripped of responsibility and independence, encouraged to develop only the trivializing emotions of greed, envy, jealousy, and fear, they would never truly grow up."
"I cannot pretend to throw the least light on such abstruse problems. The mystery of the beginning of all things is insoluble to us; and I for one must be content to remain an Agnostic."
simpy
