When politicians intervene in the economy, they often do it in the name of mitigating “greed” or “profiteering.” While they can pass laws regulating prices and the like, they cannot repeal economic laws. Instead, they can only make things worse.

In this week‘s Friday Philosophy, Dr. David Gordon reviews The Harm in Hate Speech by Jeremy Waldron and finds Waldron‘s arguments in favor of hate speech laws to be wanting. Instead, Dr. Gordon looks to Murray Rothbard's views on speech as a standard to emulate.

The standard argument for government services is that only government can build enough roads to meet transportation needs. However, the disconnect between production and consumer choice ensures misallocation of resources under government roads, including traffic congestion.

Dreams about “sound management” and “a return to fiscal responsibility” do little more than propagate the idea that central banks will do a good job so long as the right people are in charge.