Within minutes of Robert Zoellick’s announcement that he will leave the world bank being made public, Hillary Clinton announced that she was interested in the job. The World Bank has long been a favored retirement village for American warhawks. Considering the fact that World Bank is ostensibly about making loans to developing counties for capital improvements, it’s significant that three of the 11 World Bank presidents (Robert McNamara, Paul Wolfowitz and John McCloy) have come from the U.S.

How did a populist war of aggression against Indians turn into the first libertarian revolution in America?

[This article is adapted from a section of Chapter 14, specifically pp. 613–18, of the author’s Capitalism: A Treatise on Economics (Ottawa, Illinois: Jameson Books, 1996).]

All attempts at scientific explanation can at best succeed only in explaining the changes in something given. The given itself is inexplicable. It simply is. Why it is remains hidden from us. It is the irrational — that which reasoning cannot exhaust, that which concepts are unable to grasp without leaving something still unexplained.

Socialists want socialism for everyone else, but capitalism for themselves, while capitalists want capitalism for everyone else, but socialism for themselves.

Neither Ted Kennedy nor Jane Fonda practices a vow of poverty, nor are they taking any homeless into their mansions, while too many big companies try to short-circuit the market with government privileges. And one way they do it is through the regulatory agencies that acne Washington, DC.

Each physical unit of a means that enters into human action is valued separately.