What Is Liberalism?
The legacy of (classical) liberalism, though never fully implemented, is one of vast economic progress and greater freedom wherever the ideology has been widely tried.
The legacy of (classical) liberalism, though never fully implemented, is one of vast economic progress and greater freedom wherever the ideology has been widely tried.
It is vital — indeed, it is literally a life-and-death matter — that Americans be able to look as coolly and clear-sightedly, as free from myth, at
[Free Life: The Journal of the Libertarian Alliance, Vol. 4, No. 1 (1984)]
A curious thing is happening in this extraordinary election year. The liberals are beginning to adjust to Ronald Reagan. After all, they claim, he's getting more moderate, he'll have to shift to the center to win the election, and he was a moderate and "flexible" governor of California for eight years. Maybe he won't be that bad, certainly not as erratic as Carter.
The Mises Circle in Houston, Texas. Sponsored by Jeremy S. Davis. Recorded 22 January 2011.
Any theory — including any of Paul Krugman's Keynesian models — that neglects the distortion of the capital structure during boom periods cannot possibly hope to accurately prescribe policy solutions after a crash.
According to David Beckworth, the problem with our economy is that people aren't spending enough. This simple idea is very powerful; it permeates our financial press when they wring their hands and wonder if "the consumer" will buy enough to fix the economy.
While Austrians see how individuals working through free markets have bettered their life situations, Krugman and his colleagues see only chaos, failure, and bad food.