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The “Punk Rockers” of the PreCapitalist Era

BY CHRIS CLANCY Amazon recently announced that sales of their e-books were now greater than combined sales of both their hardcover and paperback books. Bad...

The "Punk Rockers" of the PreCapitalist Era

BY CHRIS CLANCY Amazon recently announced that sales of their e-books were now greater than combined sales of both their hardcover and paperback books. Bad...

In Praise of Private Charity

Texas Straight Talk with Ron Paul From Dr. Paul's archives, April 09, 2011 One of the great fallacies of our time is that if government doesn't...

Hybrids and Hype

Kathryn Shelton and Richard B. McKenzie, The Freeman At one time not too many years ago, car buyers had two choices in hybrids: the Toyota...

Cut Loose at Fifty: Chapter Eighteen – Groucho Hits Wuhan!

BY CHRIS CLANCY Thiti found settling in to China fairly easy – to begin with at any rate. We had a few major arguments...

The Folly of Federal Training

JAMES BOVARD, THE FREEMAN In his State of the Union address President Obama proposed an array of new federal job training programs. This was one...

Yo-Yo Economics?

MARK W. HENDRICKSON, CENTER FOR VISION & VALUES President Obama recently referred to free-market economics as “you’re-on-your-own economics.” It’s a catchy phrase—rhythmic, alliterative, clever. Too...

Cavemen, Money, and Spontaneous Orders

SANDY IKEDA, THE FREEMAN Who invented money?  Who invented market prices?  Who invented cities?  What about language?  The answer is: no one. But wait!  Don’t people...

Four Pillars of Our Prosperity

Liberty Letters, Thomas Jefferson Agriculture, manufactures, commerce, and navigation, the four pillars of our prosperity, are the most thriving when left most free to individual...

Not So Compassionate, Not So Conservative, Compassionate Conservatism

by Steve Farrell Missing the Mark With Religion, Part 3 Things are not always as they seem. Marxism’s war on religion presents evidence-a-plenty that this notion...

Free Prosperous Commerce is Blessing to Agriculture

Liberty Letters, Alexander Hamilton The prosperity of commerce is now perceived and acknowledged by all enlightened statesmen to be the most useful as well as...

Equal Pay Day: Some Thoughts

Steven Horwitz, The Freeman Tuesday was Equal Pay Day, designed to point out the lingering gap between men’s and women’s earnings. Depending on which group...

Cut Loose at Fifty Chapter Sixteen – A Boat Ride With “Charlie Allnut”

BY CHRIS CLANCY February 6th 2007. Phil and I arrived at Bangkok International Airport sometime in the evening. It was warm and humid – very...

Donald Shoup Takes San Francisco

Sandy Ikeda, The Freeman Every so often during his tenure as mayor of New York, Michael Bloomberg has tried to push through congestion pricing, in...

Individual Effort, Not Government, Produces Prosperity

Free Enterprise Zone Quote of the Day, Adam Smith The natural effort of every individual to better his own condition, when suffered to exert itself...

The Politically Incorrect Guide to Socialism

George C. Leef, The Freeman What do the following have in common: hungry Venezuelans, starving North Koreans, ecological devastation in the former Soviet Union, and...

Cut Loose at Fifty: Chapter Fourteen — A Journey Within a Journey

BY CHRIS CLANCY Late June 2006. I had a few free days between the end of teaching and marking exam papers. Much as I hated traveling...

Destroying Value

SHELDON RICHMAN, THE FREEMAN In Cleveland and other American cities homes are being demolished because five years after the housing bust there is nothing better...

Disaster Response Restores Confidence in Government?

TYLER WATTS, THE FREEMAN In a memorable episode of the cult-classic cartoon series “The Tick,” the title character is seen in the local café regaling...

Super Bowl Versus Education

Free Enterprise Zone, The Freeman, Sandy Ikeda In the spirit of Super Bowl weekend I’d like to deconstruct a Facebook status update that a friend...

The Chimera of Tax Fairness

SHELDON RICHMAN, THE FREEMAN In his State of the Union speech Tuesday night President Obama played the fairness card in calling for higher taxes on...

The Problem with Privatization

It's about competition. STEVEN HORWITZ, THE FREEMAN Classical liberals commonly favor “privatization” of many government activities.  Their case, of course, is that the private sector would...

Blowing Bubbles: Get Ready for the Next Bust

Free Enterprise Zone, The Freeman, Richard W. Fulmer Imagine you are a private in the army. Your sergeant orders you to dig a hole. When...

The Market, Equality, and Abstraction

By Carl L. Bankston III The primitive equality of humanity asserted by Rousseau and Marx seems to have been more than a philosophical speculation or...

Adler on Capitalism and Socialism: Two Faces of the Same Coin

by Mortimer J. Adler, Ph.D. The words "capitalism" and "socialism" are of recent origin in everyday speech -- as recent as the nineteenth and twentieth...

The Myth of the Model — Max Borders

What does this mean for economics as a discipline? I think it’s time we admit many economists are just soothsayers. They keep their jobs for a host of reasons that have less to do with accuracy and more to do with politics and obscurantism. Indeed, where do you find them but in bureaucracies—those great shelters from reality’s storms? Governments and universities are places where big brains go to be grand and weave speculative webs for the benefit of the few. - Max Borders

Why Governments Hate Gold — Ron Paul

As the foundation of their power, their fiat currency, is rejected or avoided, government power is compromised. Fiat currencies trade the people’s freedom and security for the government’s freedom to squander the wealth of the nation on wasteful pet programs, wars, and corruption. This is why the freedom of the people is so intertwined with a sound monetary unit. This is also why the founders liked gold and silver, and supporters of big government hate them. -- Ron Paul

Federal Deposit Insurance: A Banking System Built on Sand — Warren C. Gibson

Interestingly, Milton Friedman and Murray Rothbard, both free-market economists, reached opposite conclusions about the declining money supply. While Friedman blamed the Fed, Rothbard celebrated what he saw as the people’s attempt to overturn fractional-reserve banking, which he believed is inherently fraudulent. Either way, the fingerprints of government were all over the bank failures of the 1930s and the Great Depression generally. - Warren C. Gibson

Rand Is Right — Henry Lamb

The people who carry signs condemning Rand Paul, and the people – from Obama on down – who insist on saddling the market with more regulations and government control, are people who can’t see that the immediate “feel-good” of a government-guaranteed mortgage is an opiate that must inevitably be followed by a painful loss and withdrawal. - Henry Lamb

Peace, Easy Taxes, Justice — Adam Smith

Little else is required to carry a state to the highest degree of affluence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things. - Adam Smith