A libertarian is a person who believes that no one has the right, under any circumstances, to initiate force against another human being for any reason whatever; nor will a libertarian advocate the initiation of force, or delegate it to anyone else. Those who act consistently with this principle are libertarians, whether they realize it or not. Those who fail to act consistently with it are not libertarians, regardless of what they may claim.
L. Neil SmithAmerica didn't have a drug problem before it passed drug laws. While drugs were consumed by large numbers of people — the number of women habituated to the opium found in laudanum was, no pun intended, staggering — they were, for the most part, easily able to live their lives, do their jobs, and raise their families pretty much the way we do today.
L. Neil SmithThe fact is that surveys which media people openly admit to show that fewer than twelve percent of their customers believe they're doing a good job, while the average profit margin in television is in the neighborhood of eighty percent.
L. Neil SmithEconomists tell us that the 'price' of an object and its 'value' have very little or nothing to do with one another. 'Value' is entirely subjective economic value, anyway while 'price' reflects whatever a buyer is willing to give up to get the object in question, and whatever the seller is willing to accept to give it up. Both are governed by the Law of Marginal Utility, which is actually a law of psychology, rather than economics. For government to attempt to dictate a 'fair price' betrays complete misunderstanding of the entire process.
L. Neil Smith