According to the US President Donald Trump, the Fed is failing at its job in supporting the economy by not lowering the policy interest rate. The president believes that the lowering of interest rates by the central bank will prompt businesses to increase production and investment, which will spur stronger economic growth. Lower interest rates, according to such thinking, strengthen consumer spending, which is popularly considered to be the key driver of economic growth.

The Scandinavian model is often misrepresented as a humane and efficient form of socialism. In reality, it is a distinctly coercive and oligarchic form of statism.

While the system preserves the formal legality of civilized concepts like human rights, justice, and private property, in practice, it operates on a Marxist-fascist foundation: it systematically violates the individual through taxation, regulation, and bureaucratic entrapment—leaving only a small, politically-connected class permitted to engage in a narrow, state-sanctioned form of commerce.

Anarcho-capitalism is a libertarian vision of a stateless society, where security, law and dispute resolution would be provided by private, for-profit companies. Proponents of this system believe that it would be both more ethical and more effective than the state. However, not everyone is convinced. Critics of anarcho-capitalism have raised serious doubts about the feasibility of such an order. I discussed these briefly in a previous article.

Ludwig von Mises served on the front lines of World War I. As an artillery captain in the Austro-Hungarian army, he was surrounded by gore and bloodshed, horrors that he never forgot. In recognition of his service and his brilliance, he was offered a plush position serving as an economic advisor in the war department. Ease and comfort in a time of conflict was his. All he had to do was agree to the demands of his government.

But Mises was not a man to betray his principles.

In his 1944 book Omnipotent Government, Ludwig von Mises provided a detailed analysis about how the protectioni

In Shakespeare’s Henry VI, a rebel alarmingly named Dick the Butcher says: “The first thing we do, let’s kill all the lawyers.” But wait—don’t we need lawyers to safeguard the rule of law and uphold justice? In his essays on justice, the philosopher Chaim Perelman set out to “analyze scientifically the concept of justice.” His aim was “to distinguish the variety of its meanings and uses,” revealing the ambiguity and conceptual confusion that pervades the quest for justice.