Other Schools of Thought

It was largely by making the divine right of kings a laughing stock that the Enlightenment writers destroyed it. It is time for us to do the same thing to the divine right of the majority.

Libertarians of course believe in the free market; if you find someone who favors the government provision of medical care or education, e.g., you

As I have read countless analysts, including professional economists, offer “solutions” to the financial crisis, I have become more con

They want to abolish private control of the means of production, market exchange, market prices, and competition. But at the same time they want to organize the socialist utopia in such a way that people could act as if these things were still present. – Ludwig von Mises

Woods and Gutzman have selected twelve cases to illustrate this disregard of the Constitution. By no means are all of these examples of judicial misconduct; the legislative and executive branches have been at least as guilty as the judicial in seeking to enhance government power.

We suggest that decades of reckless monetary policies by the Fed have severely depleted the pool of real savings.

To put it simply, those who truly want social progress should promote the idea that we should all think locally as individuals and act globally through the capitalist system. This is the creed of the true progressive.

So when Henry Paulson argues that it is necessary to pump money into credit markets to prevent them from freezing up, he doesn't bother to realize that the money he pumps into the credit markets is coming directly out of the very same credit markets.

If the market is left to its own devices, the price will be an accurate reflection of what something is worth at a given point in time. When the government intervenes, it forces the prices to lie: the signals about the costs and benefits of different actions will be distorted.

Nothing government can do can take away our freedom; and if we are a people who are truly free, the government will have to follow.