There’s no shortage of ill-informed criticisms of libertarian theory across all sides of the political spectrum. To most leftists, the libertarian is selfish, greedy, elitist, disdainful of the poor, and a useful idiot for big-business interests. To most right wingers, the libertarian is atomized, nihilistic, a hedonist, a materialist, a moral relativist, an egalitarian, and a naïve utopian who scorns tradition and religion.

Ludwig von Mises’s 1927 book Liberalism: In the Classical Tradition is increasingly important in a time when so many conflicting ideologies march under the banner of liberalism.

In a recent tweet, a talented financial analyst and investor stated: “The “debt is unsustainable” narrative has been around for 40 years plus. What’s astonishing to me is how the people who push this narrative never ask themselves, “Why has it been sustainable for so long?”.

There is a widespread idea that the fiscal imbalances of a world reserve currency issuer would end in an Argentina-style bankruptcy. However, the manifestation of unsustainability did not even appear as drastic in Argentina itself. Hey, Argentina continues to exist, doesn’t it?

President Joe Biden is outraged. It seems that women’s basketball star Caitlin Clark, who played for the University of Iowa, does not have a rookie Women’s National Basketball Association (WNBA) that a typical NBA (for the men) top draft pick would have. He declared on his official X (formerly Twitter) account:

In a recent CNN poll, 48% of respondents stated that they believe the economy remains in a downturn, and only 35% said that things in the country today are going well. The disparity between somber economic sentiment and a surprisingly strong headline unemployment rate and Gross Domestic Product (GDP) can be easily explained.

Joe Biden is seeking to boost his reelection campaign by torpedoing Chinese imports. In an April 17 speech in Pittsburgh, the symbolic heart of the steel industry, Biden announced that he asked his US trade representative to triple tariffs on Chinese steel and aluminum imports.

Limitarianism: The Case against Extreme Wealth<br>by Ingrid Robeyns<br>Astra House, 2022; 301 pp.

Some people have vastly more income and wealth than others, and this situation greatly disturbs Ingrid Robeyns, who teaches ethics at Utrecht University. She does not want to replace the market economy with central planning, but no one should be allowed to become a billionaire. Some of her comments on central planning sound like they might have emanated from Ludwig von Mises and Friedrich Hayek: