Mises Daily Articles

Richard Henry Lee is best known for the June 7, 1776, motion calling for the colonies' independence from Great Britain, which led to the Declaration of Independence. As a consistent advocate of liberty, he also opposed the Constitution.

The Depression is supposed to be Exhibit A of the alleged instability of the free market left to its own devices, while the New Deal represents the indispensable corrective power of the state.

"Keynes argues as if the government — or rather, 'forces outside the classical scheme of thought' — could control the volume without affecting any other aspect of the market economy. What sort of powers would government have to wield to be able to exert such a force?"

"I contend that Professor King is a utilitarian rather than a natural-rights theorist."