Depending upon the narrative, American Indians were either noble creatures who were victims of a genocide by rapacious European settlers or were bloodthirsty savages. The truth is more nuanced.

In this week’s Friday Philosophy, Dr. David Gordon assesses the “libertarian” foreign policy prescriptions of Murray Rothbard and David Freidman. Naturally, Rothbard’s view—built upon principles of natural law—stands above Freidman’s less-principled “pragmatism.”

From an Austrian perspective, the Panic of 1893 provides key lessons, but this consequential panic has not received as much direct attention as it deserves.

Demands for Americans to pay reparations to descendants of chattel slavery in America have been growing. The case for reparations, however, has always been weak and illogical.