One aspect of the current economic crisis has been the comeuppance for certai
The legacy of (classical) liberalism, though never fully implemented, is one of vast economic progress and greater freedom wherever the ideology has been widely tried.
More than the anti-Soviet protests of the late 1980s, the Egyptian uprisings reveal what might eventually come home to the American empire itself, under the right conditions and at the right time.
It is vital — indeed, it is literally a life-and-death matter — that Americans be able to look as coolly and clear-sightedly, as free from myth, at their government's record in foreign affairs as they increasingly are able to do in domestic politics.
The Cold War was an unprecedented form of peacetime socialism, designed to appeal to big business, and Eisenhower became its spokesman. Savvy libertarians knew exactly what was going on and supported Cold War opponent Robert Taft.
Is it really such a stretch to suppose that when the US government (and Federal Reserve) brings the economy closer to outright socialism — as with Hoover, FDR, Bush, Obama, and Bernanke — that those very interventions hamper the economy?
[Free Life: The Journal of the Libertarian Alliance, Vol. 4, No. 1 (1984)]
A curious thing is happening in this extraordinary election year. The liberals are beginning to adjust to Ronald Reagan. After all, they claim, he's getting more moderate, he'll have to shift to the center to win the election, and he was a moderate and "flexible" governor of California for eight years. Maybe he won't be that bad, certainly not as erratic as Carter.
