Friedrich von Hayek considered the rule of law to be essential in minimizing coercion and enhancing individual liberty. In this context, he regarded “equality before the law” (formal equality) as essential to the rule of law. However, he emphasized that formal equality is the only concept of equality that is compatible with the rule of law. He criticized socialist and progressive attempts to theorize further notions of equality, which they package as “social justice,” as disguised attacks on liberty.

Shortly after reassuming office, the Trump administration started to work on finding new ways to intensify the US blockade against Cuba’s socialist regime.

Liam McCollum interviews Mises Institute Fellow Jeffery Degner about his new book, Inflation and the Family. Liam and Dr. Degner talk about the Federal Reserve’s destructive policies, explain Cantillon Effects and how the government creates wealth inequality with inflation, and react to Dean Withers on inflation and Tucker Carlson’s populist economics. 

Independence Day in America is often remembered with a simplified narrative: British tyranny provoked a revolt in the colonies, culminating in American independence. This account emphasizes the Revolution itself, buttressed by many hagiographies (and many revisionist hamartographies).