Jeremy Bentham famously regarded natural rights as “nonsense on stilts” and taught that property rights are created by law and enforced by courts. Bentham’s view was that “before the laws, there was no property: take away the laws, all property ceases.” Lawyers in the Benthamite tradition accordingly set out to define the state-created nature of property rights and the boundaries of these rights as defined by the courts.

Starting in 2020, things started to get strange in Africa for those who knew what to look for. Normally, coups in Africa are nothing to write about. But starting in 2020, we saw six countries flip into a pro-Russian direction in just three years. Individually, they were a curiosity. Taken together, that rate of turnover outpaced even the most optimistic neoconservative ambitions for pro–United States regime changes in the Middle East.

The money supply (M2) has bounced to March 2023 levels and has been rising almost every month since October last year. Furthermore, US government deficit spending has more than offset the decline in the Federal Reserve balance sheet. While the Fed’s balance sheet has shrunk by $1.5 trillion from its peak, the US government deficit remains above $1.5 trillion per year.

The money supply (M2) in the United States has bounced above March 2023 levels, while deficit spending offsets any Fed balance sheet reduction.

The electoral victory of Javier Milei in Argentina was a pleasant surprise to libertarians internationally. For the first time ever, an open anarchocapitalist was elected president of a sovereign nation. Milei’s fame isn’t limited to libertarian circles, though. Right-wingers all over the world have praised him for his battle against corruption and economic ruin.

The Spring 2024 issue of the Independent Reviewfeatures a symposium on Murray Rothbard’s For a New Liberty, which was published some fifty years ago. One of the contributions, by the philosopher Matt Zwolinski, stands out from the others in that it is not favorable to Rothbard. To the contrary, Zwolinski argues that Rothbard’s case for liberty is unsound.