On Underwriting an Evil
When I vote for the candidate who promises me betterment in my economic condition, I am condoning and encouraging some form of robbery. That does not square with my moral values.
Political Theory
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Frank Chodorov, Nonvoter
If we don’t seek to use the vote to steer American society away from the direction in which it has been moving for all these many decades, what do we do instead? For Chodorov, that was a question very easily answered: we put our efforts into education.
The Egalitarian Program
The envy-driven masses do not care a whit for what the demagogues call the “bourgeois” concern for freedom of conscience, of thought, o
Physiocracy and Free Trade in 18th-Century France
The first self-conscious school of economic thought developed in France shortly after the publication of Cantillon's <i>Essai</i>. They called themselves "the economists" but later came to be called the "physiocrats," after their prime politico-economical principle: physiocracy (the rule of nature).
Revealing the Reality of Antitrust
Antitrust keeps superior products and marketing strategies from harming rivals, but halting such innovation harms consumers. It inhibits superior firms from passing on their efficiencies to consumers in lower prices.
Bureaucracy in Retreat
Julian Assange, through WikiLeaks, has made available to society a vast collection of information that undermines the state’s legitimacy.
Private Property
Private ownership of the means of production is the fundamental institution of the market economy.
Cost-Push Inflation?
The claim that monetary policy has nothing to do with inflation is nothing new. The Conference Board said the same thing in 1957, and here is Henry Hazlitt's response — from his Crisis and How to Resolve It — to the notion that it is not money expansion but costs of business that is pushing prices.
The Treaty That Wall Street Wrote
If a handful of large US banks will be the major beneficiaries of the Panama Canal treaty, have they also had any role in lobbying for or negotiating the treaty itself? Or will their gains be merely a lucky windfall from decisions made by the US government for very different reasons?
What Threat, China?
Under free trade, and without politically oriented government-monopoly militaries, no country would be able to harm another. But with the existence of politicians "leading the country," it's a different story.
