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Leonard E. Read on Why Means Matter More Than Ends

GARY M. GALLES, FOUNDATION FOR ECONOMIC EDUCATION History has produced an almost endless supply of those who would remake society into the utopia they imagine....

“Enough to Buy Back the Product”

BY HENRY HAZLITT Economic in One Lesson, Chapter 20 Amateur writers on economics are always asking for “just” prices and “just” wages. These nebulous conceptions of...

Nothing New as China "Intends" to Cap Emissions

PATRICK J. MICHAELS, CATO INSTITUTE Most every paper in the country is trumpeting today that China has finally agreed to limit its emissions of carbon...

Say What?

PAUL C. "CHIP" KNAPPENBERGER, CATO INSTITUTE While the social cost of carbon (SCC) is still being mulled over by the Office of Management and Budget,...

Defending the Dream: Why Income Inequality Doesn’t Threaten Opportunity

BY DAVID AZERRAD & REA S. HEDERMAN, JR., HERITAGE FOUNDATION Executive Summary Today, on the Left and on the Right, everyone talks about rebuilding,...

Fleeing Socialism: French Actor Gérard Depardieu Wants His Freedom Back

SYLVAIN CHARAT, CENTER FOR VISION & VALUES “I am leaving because you consider that success, creation, talent, anything different, must be punished.” This quotation from French...

The Pilgrims Were Thankful They Abandoned Communism

THANKSGIVING, LIBERTY COUNSEL Washington, DC – As we celebrate Thanksgiving, we should examine what lessons can be learned from the first Thanksgiving celebration. One little...

Hayek on Individualism

SHELDON RICHMAN, THE FREEMAN F. A. Hayek’s essay “Individualism: True and False” overflows with insights that belong in any brief on behalf of a free...

The Virtue of Market Inefficiency

SANDY IKEDA, THE FREEMAN Markets are often rightly characterized as extraordinary problem solvers. Under the right rules of the game (including private property, free exchange,...

Fantasy Football, Opportunity Cost, & Comparative Advantage

ISSAC M. MOOREHOUSE, THE FREEMAN The year was 2010. I missed the live draft in my fantasy football league, so the computer’s auto-draft function took...

Fantasy Football, Opportunity Cost, & Comparative Advantage

ISSAC M. MOOREHOUSE, THE FREEMAN The year was 2010. I missed the live draft in my fantasy football league, so the computer’s auto-draft function took...

Bastiat Misread: When will the critics read with eyes open?

SHELDON RICHMAN, THE FREEMAN It’s always good to see Frédéric Bastiat discussed outside of libertarian circles, because even when his views are misstated, the mere...

Get Credit and Capital Will Follow

SARAH SKWIRE, THE FREEMAN The Victorian novelist Anthony Trollope is famous neither for the brevity of his novels nor for the biting satire they contain....

Moving Beyond Free-Market Minimalism

SANDY IKEDA, THE FREEMAN The “economic point of view” means, to a lot of people, assuming people are nothing but cost-cutting opportunists—economizers who wouldn’t hesitate...

Made Everywhere: Fear not China or any other producer

SHELDON RICHMAN, THE FREEMAN The Commerce Department (whose idea was that?) routinely reports on the U.S. trade deficit–that is, the amount by which the dollar...

Survival of the "Fittest"

DAVID HENDERSON, THE FREEMAN Last April President Obama called a House Republican budget plan “thinly veiled social Darwinism.” Of course Obama meant it as a...

Ice and Economics

DAVID HEBERT, THE FREEMAN What can an entrepreneur’s attempt to profitably ship ice from America to the Bahamas teach us about economics? We’ll see, but...

FEE’s Take: Making It on Your Own

SHELDON RICHMAN, THE FREEMAN The other day President Obama said: ook, if you’ve been successful, you didn’t get there on your own. . . . If you were successful,...

Inconceivable Complexity

DONALD J BOUDREAUX, THE FREEMAN We’ve all seen old photos and film clips of people trying to fly like birds. Each of these aspiring aviators...

The Price of Money: Consequences of the Federal Reserve's Zero Interest Rate Policy

RON PAUL, PAUL.HOUSE.GOV Congressman Ron Paul, Statement for the Record One of the most enduring myths in the United States is that this country has a...

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...

Energy: Pennsylvannia’s Choice, America’s Model

ROBERT T. SMITH, CENTER FOR VISION & VALUES We can’t drill our way to energy independence. Or so proclaims the president and many of his...

Energy: Pennsylvannia's Choice, America's Model

ROBERT T. SMITH, CENTER FOR VISION & VALUES We can’t drill our way to energy independence. Or so proclaims the president and many of his...

Essays and Controversial Papers of the Revolution

The Works of John Adams, by Charles Henry Adams Essays and Controversial Papers of the Revolution The three Essays that follow, are the earliest printed productions...

Notes of a Debate In the Senate of the United States

The Works of John Adams, by Charles Henry Adams Notes of a Debate In the Senate of the United States A few very brief and fragmentary...

The Works of John Adams, vol. 3: Diary

The Works of John Adams, by Charles Henry Adams Diary 1778. February 13. Friday. Captain Samuel Tucker, commander of the frigate Boston, met me at Mr....

The Works of John Adams, vol. 3: Autobiography Continued

The Works of John Adams, by Charles Henry Adams Autobiography Continued I have omitted some things in 1775, which must be inserted.1 On the eighteenth of...

The Works of John Adams, vol. 2: Appendix C

The Works of John Adams, by Charles Henry Adams, Volume 2 Appendix C Page 377. The following is the draught of the articles referred to in connection...

The Works of John Adams, vol. 2: Appendix B

The Works of John Adams, by Charles Henry Adams, Volume 2 Appendix B (page 226.) The following abstract, taken from one of Mr. Adams’s note books, in...

The Works of John Adams, vol. 2: Appendix A

The Works of John Adams, by Charles Henry Adams, Volume 2 Appendix A The following abstract of the argument in the cause of writs of assistants...