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The profit of the one is the profit of the other.

Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.

He who is unfit to serve his fellow citizens wants to rule them.

The free market punishes irresponsibility. Government rewards it.

Nowadays the job of the judge is not to do justice. The judge is more of a functionary . He's like a civil servant whose job is to interpret words written down by another branch of the government, whether those words are just or not.

The disdain of profit is due to ignorance, and to an attitude that we may if we wish admire in the ascetic who has chosen to be content with a small share of the riches of this world, but which, when actualised in the form of restrictions on profits of others, is selfish to the extent that it imposes asceticism, and indeed deprivations of all sorts, on others.

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 prices represent possible deals in the future. Prices embed vast information about perceived realities: resource availability, consumer demand, cultural biases and habits, speculations about the future. The price is also an amazing tool. It provides an objective basis for accounting and the assessment of profit and loss. Without prices, real prices rooted in real market experience, we__ been lost.

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

While liberals are in favor of any sexual activity engaged in by two consenting adults, when these consenting adults engage in trade or exchange, the liberals step in to harass, cripple, restrict, or prohibit that trade. And yet both the consenting sexual activity and the trade are similar expressions of liberty in action.

Statism ends with an eye roll.

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.

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 the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question.

It is be­cause freedom means the renun­ciation of direct control of individual efforts that a free society can make use of so much more knowledge than the mind of the wisest ruler could comprehend.

There are two and only two ways that any economy can be organized. One is by freedom and voluntary choice__he way of the market. The other is by force and dictation__he way of the State.

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

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

You cannot have an agency that defends your property, which also has the right to violate your property rights at will. That's like hiring a bodyguard that you pay to beat you up randomly.

Having a Constitutional political party is a little like telling a car-jacker, "You're not allowed to do what you're doing! And if you don't stop it right now, we are going to ask you to order yourself to be nice! And if that doesn't work, we are going to try to elect a new car-jacker, who we hope will tell himself not to steal our cars! ... But at least we're not like those silly utopian anarchist kooks out there who refuse to work within the system for change! Those crazy people say there should be NO car-jackers at all!