Economics is not politics

April 4, 2007

“The intrusion of politics into the field of economics is simply an evidence of human ignorance or arrogance, and is as fatuous as an attempt to control the rise and fall of tides. Since the beginning of political institutions, there have been attempts to fix wages, control prices, and create capital, all resulting in failure.”

Frank Chodorov from The Rise and Fall of Society.

Read the first chapter.

Chapter 6: The Humanity of Trade.