Walter Berns and the Cult of “Patriotic” Sacrifice
In his great new book The Problem with Lincoln, Tom DiLorenzo brought back an old memory. As Tom points out, Walter Berns, who taught political science at Cornell and then worked for the American Enterprise Institute, was one of the main figures urging us to worship Honest Abe. He quarreled with the main Lincoln idolater, Harry Jaffa, but I’m not going to go into what they fought about. Rather, I’d like to focus on an argument in Berns’s book Making Patriots (2006), to which Tom refers.
Gorging on Debt to Survive the COVID-19 Economy
Listen to the Audio Mises Wire version of this article.
Because the country could not stop for debt, he kindly stopped for the nation.
New Opportunities for Marxists: Climate Change and Coronavirus
In The Communist Manifesto (1848) Karl Marx (1818–83) and Friedrich Engels (1820–95) predicted that capitalism would lead to the impoverishment of the laboring class. Why? Well, to raise profit on capital invested, Marx and Engels argued, entrepreneurs (the capitalists) would exploit the workers. They would reduce wages and worsen working conditions by, say, increasing working hours. From that viewpoint, Marx and Engels put forward an immiseration theory of capitalism.
Ten Things You Should Know About Socialism
Defending Securities Markets’ Undefendables
The Austrian Theory of the Business Cycle
How Entrepreneurs Built the World
Competition and Monopoly
The Media’s Jihad against Sweden’s No-Lockdown Policy Ignores Key Facts
As soon as it became clear that the Swedish state had no plans to implement harsh lockdowns, global media organizations like the New York Times have implemented what can only be described as an ideological jihad against Sweden.