Other Schools of Thought

John T.

But even if you are not likely to be among them, consider the loss of privacy, the loss of liberty, the loss of independence, the loss of all that used to be considered truly American, in the course of building prison nation.

Let us not be swayed by politicians out for power or by reporters out to create news where none exists. Facts and economic logic should prevail rather than rhetoric.

Moral hazard is in no way a particular problem of the insurance industry. It can arise in almost any other field of human activity where there is a separation of ownership and control.The important fact is that any form of government interventionism, by its very nature, entails a forced separation of ownership and effective control.

It is paramount for a free society to ensure, in the marketplace of ideas, that only good ones, based on sound theory and history, take root.

But the Keynesian conclusion is rather obvious: the state, through its compulsory means, has to boost the level of aggregate demand in some way to stop the economy from falling into recession.

While his claim of ideological steadfastness on his “basic political views” may have been correct, Rothbard did change his mind on ques

Communism is extreme socialism; socialism is extreme statism.

To recap, what then we find is that not only does the availability of financial capital become wholly divorced from the extent of the pool of physical capital goods; not only does much of that pool become misused (and, hence, ultimately, stripped of its original "capitalness"); but that the wellspring of capital maintenance and augmentation — namely, voluntary saving — is concreted over to provide a gaudy, Baroque fountain of greater exhaustive consumption.

The switch from anti-Communist militarism to anti-Islamic imperialism was not difficult. They took a chapter out of Orwell, and merely changed the name of the enemy.