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What Comes After the Coronavirus, Freedom or Despotism?
What Comes After the Coronavirus, Freedom or Despotism? The coronavirus crisis that has enveloped the world has brought about calls for society and economy-wide action on the part of governments that has been matched by the imposing of radical shutdowns and compulsory mass quarantining as tens of millions of people are told to not to […]
Central Banking Is Central Planning
Central Banking Is Central Planning At a time when the appeal of and demands for a new “democratic” socialism seem to have caught the imagination of many among the young and are reflected in the promises of a good number of political candidates running for high office, there is one already-existing socialist institution in America […]
Debts and Deficits are Out of Control
Debts and Deficits are Out of Control Understandably, the problems and politics of the moment dominate the news and attract the attention of most policy commentators and much of the public. Will there be another government shutdown, will House Democrats attempt to impeach the president, will interest rates remain low, and will there be a […]
The Dangers of Totalitarian Planning, Past and Present
THE DANGERS OF TOTALITARIAN PLANNING, PAST AND PRESENT Liberty is a delicate idea and institution. While people say they want freedom, fight under the banner of freedom, and even sometimes die for its preservation and advancement, determining what it actually means to be free and to live in a free society seems often elusive and […]
How Democracies Turn Tyrannical
How Democracies Turn Tyrannical Both monarchs of the past and dictators more in the present have denied limits on their power to command and coerce those under their control. For most of the last three centuries, the ideas of liberty and democracy have been intertwined in the minds of both friends and foes of a […]
Austrian Economics Is Essential to Understand Booms, Busts, and Money Itself
Austrian Economics Is Essential to Understand Booms, Busts, and Money Itself The boom-and-bust business cycle is a natural result of free-market capitalism, but rather of government intervention. Looking to the next few years, will America and the world continue to ride a wave of economic growth, improved living standards, and technological changes that raise the […]
If Political Candidates Advocated Liberty
IF POLITICAL CANDIDATES ADVOCATED LIBERTY In modern democracies, political cycles never end. As soon as one election is over, those in government office or aspiring to such an office are already running for the next election. Having recently attended a public forum of state-level candidates looking to the 2018 election, I wondered what a real […]
This Is What a True Liberty-Loving Politician Would Look Like
This Is What a True Liberty-Loving Politician Would Look Like What would a real friend of freedom say if he was offering himself for political office? In modern democracies, political cycles never end. As soon as one election is over, those seeking office are already running for the next election. Having recently attended a public […]
Even Advanced Technology Cannot Explain Human Action or Predict Markets
Even Advanced Technology Cannot Explain Human Action or Predict Markets The logic of the human mind will prevail over paternalist dictates and the hubris of the social engineers. For more than a century, the world has been caught in the grip of social engineers and political paternalists who are determined to either radically remake society […]
Neoliberalism Was Never about Free Markets
Neoliberalism Was Never about Free Markets From the beginning, it was about watering down classical liberalism. One of the most accusatory and negative words currently in use in various politically “progressive” circles is that of “neoliberalism.” To be called a “neoliberal” is to stand condemned of being against “the poor,” an apologist for the “the […]
“Liberal Socialism” — Another False Utopia
“Liberal Socialism” — Another False Utopia Very often bad and failed ideas do not die, they simply reappear during periods of supposed social and political crisis in slightly different intellectual garb, and offer “solutions” that would merely help to bring about some of the very types of crises for which they once again claim to […]