Mark Thornton explains why socialism can never work, the history of the death and misery its caused and we discuss a better way to help everyone live a more free, peaceful and prosperous life. We need look no further than Venezuela.
Thousands of people are killed or seriously injured on Canadian roads and highways every year. Traffic congestion is common. Perpetual road construction/repairs. Cars lined up at a red light while non-existent cross traffic faces a green light. Idling cars, frayed nerves, road rage. If this was the performance record of private firms who owned and managed the roads, politicians would go ballistic and seize control of the roads in order to “ensure consumer safety.”
Today Jerome Powell got out of the beltway and enjoyed some southern hospitality at Mississippi Valley State University, speaking at the Hope Enterprise Corporation Rural Policy Forum.
It’s been a very odd thing to watch as liberals, neocons and even outright communists have repeatedly said something akin to “freedom of speech doesn’t give you a platform” while one conservative and libertarian after another is kicked off various social media sites.
Brian Maher of the Daily Reckoning quotes Murray Rothbard and me in his incisive critique of Modern Monetary Theory (MMT), which has lately been embraced by proponents of the “Green New Deal.”
A common myth about capitalism — and its associated ideology, (classical) liberalism — is that capitalism and liberalism somehow “force” people to prefer consumption and profit maximization above all other value systems.
This idea remains common among left-wing critics of liberalism like George Monbiot who maintains that liberalism essentially brainwashes people into abandoning their own families and communities in order to attain an unattainable ideal of “individualism.”
When I write about Social Security, I normally focus on the program’s huge fiscal imbalance ($44 trillion and climbing).
What happens when politicians see that their monster stimuli have not delivered? They bring the next rabbit out of a hat. They need a new name and a new magic solution to make citizens believe in the magic of demand-side policies despite the constant failure of those same plans.
Today would have been the 90th birthday of Burt Blumert, one of the greatest personalities of the modern libertarian movement. Burt was the indispensable man behind the scenes and was a key figure in the Mises Institute, the Center for Libertarian Studies, and LewRockwell.com. He was one of Murray Rothbard’s closest friends; and when you met him, it was easy to see why Murray liked him. He was a genial and kind person and a source of wise counsel to all those fortunate to know him. Burt was the founder of Camino Coins and a principal figure in the hard money community.
