[From For a New Liberty.] Historians have long debated the precise causes of the American Revolution: Were they constitutional, economic, political, or ideological? We now realize that, being libertarians, the revolutionaries saw no conflict between moral and political rights on the one hand and economic freedom on the other. On the contrary, they perceived civil […]
Many think cancel culture is an odd particularity of the academic world of the Anglosphere. If any place has yet been spared, it is eastern Europe. Eastern Europe has had its fair share of thought policing throughout its vivid history, and people there are usually more willing to take a stance against it. That is […]
People usually don’t study the philosopher George Santayana very much today, and he was not a libertarian, but rather a “skeptical conservative.” Ludwig von Mises took him seriously, though, and often quotes him, though sometimes to disagree; and in this week’s article, I’d like to look at what he says about the state in Human […]
Governments, corporations, and elites have always been fearful of the power of a free press, because it is capable of exposing their lies, destroying their carefully crafted images, and undermining their authority. In recent years, alternative journalism has been growing and more people are relying on social media platforms as sources of news and information. […]
You can only read so many books in a lifetime. How tragic it would be if among these that the subject of liberty itself would be neglected. Thus am I currently at work on a fascinating project: the 100 most important books on liberty. It will not only be a list but eventually a book that will […]
Lord Keynes’s main contribution did not lie in the development of new ideas but “in escaping from the old ones,” as he himself declared at the end of the Preface to his “General Theory.” The Keynesians tell us that his immortal achievement consists in the entire refutation of what has come to be known as […]
Continuing with the examination by Paul VanderKlay (PVK) of the results of the recent synod of the Christian Reformed Church (CRC) on the subject of gay marriage. Regarding the result, and as a reminder: The Christian Reformed Church, a small evangelical denomination of U.S. and Canadian churches, voted Wednesday (June 15) at its annual synod […]
The economy consists of a huge chain of the division of labor that is interlocked to such a limit where there exists hardly any single individual or firm that produces the whole of the product alone. This is famously illustrated in the essay “I, Pencil,” by Leonard Read. Each element of this complex chain is […]
When the Bourbon dynasty was restored to power in France in the early 1800s after Napoleon’s abdication, the French statesman Charles-Maurice de Talleyrand famously said of that family: “They had learned nothing and forgotten nothing.” In modern economic parlance, one can say the same thing about progressives, who once again are demanding price controls to “fight […]
Introduction Among Federal Reserve officials and many economists, it is fashionable to argue that any losses the Federal Reserve should suffer, no matter how large, will have no operational consequence. Is this true? If so, how does the Fed account for its losses and stay solvent? And who ends up paying for these losses? As […]
