Quotes of the Day
Our economic problems worry me much less than our political solutions, which have a far worse track record.
~Lew Rockwell, via today's The Gartman Letter
The market economy has created unfathomable prosperity and, decade by decade, century by century, miraculous feats of innovation, production, distribution and social coordination. To the free market, we owe all material prosperity, all our leisure time, our health and longevity, our huge and growing population, nearly everything we call life itself. Capitalism and capitalism alone has rescued the human race from degrading poverty, rampant sickness, and early death.
The transition to capitalism is thus accompanied by two phenomena: a decline both in fertility rates and in mortality rates. The average duration of life is prolonged.
~Ludwig von Mises in Human Action