Freedom and free enterprise do something for a human being that cannot be done in any other way. They give hope and the incentive that goes with it, and all the plans of all the governments on earth eventually fail if freedom is not present.
I finally decided that I would speak on the most over-discussed and, in my judgment, least understood issue on the national scene—inflation.
My first encounter with unions as a working man was early on, about 1941, when I came out of the University of Missouri and became a newspaper reporter
Unions yield power, prestige, and income to their officers; but they would not be supported by the members if their interests were not served too.
It is only microeconomics which enables us to understand the crucial functions of the market process: that it enables us to make use of information
What lies ahead for the industry? Recently Mr. Schlesinger of the Department of Energy promised a golden age for the oil industry for the next twenty years. But there was one little string attached.
During the presidential campaign, there was talk about the seeming inability of our economic system to solve the problems of unemployment and inflation. May I suggest that government has already done too much about it?
The modern American Food Machine is perhaps the greatest single source of strength undergirding the unparalleled level of American living.
Be that as it may, of one thing I am sure—von Mises would be horrified at the size of the most recent federal budget deficits.
The accumulation of economic distortions must be faced. The longer we delay the hard decisions the more difficult the needed solutions will become.