Why Liberalism?
A liberal society comes about when Crusoe and Friday peacefully cooperate to perform feats of labor.
A liberal society comes about when Crusoe and Friday peacefully cooperate to perform feats of labor.
This article originally ran on Tuesday, February 17, 2009. It was near the low of the last stock-market cycle.
The "fundamentals" of the economy have been and remain awful, because the government and Federal Reserve are consistently doing the wrong things. The apparent recovery, fueled by Bernanke's sheer money creation, has been bogus all along.
Bad ideological trends will result in the complete cessation of any voluntary saving and capital formation on the part of individual citizens.
What once was believed to be a city of destiny (paradise on earth) is being destroyed by government looting.
Thousands of students have passed through. Our graduates are teaching in universities around the world, writing financial newsletters, cranking out books to explain how the world works, starting great new enterprises, and playing a key leadership role in the world of ideas.
His life was devoted to a search for truth, and he gladly shared his findings with any seeker of light.
All history is partly conjectural, because our knowledge is always limited.
But even with all its advantages, debate is one of the most potent sources of prejudice.