Conceived in Liberty
In the literature of the American Revolution there is no demagogic attempt to set human rights against property rights. It is recognized that the right to acquire and own property is a basic and very important human right
Free Economy and Social Order
The market economy as a field of liberty, spontaneity, and free coordination cannot thrive in a social system that is the very opposite.
Rothbard’s Last Triumph, Part 1
Cervantes began Don Quixote as a short story, but he gradually expanded it into one of the great books of the world. Likewise, this “moderately sized book” has become one of the great intellectual enterprises of our age.
Rothbard’s Last Triumph, Part 2
The reader of this, the second volume1 of Rothbard’s last great work, will at once face a puzzle: how was one person able to unify so vast a mass of material into a tightly organized narrative? I cannot pretend to provide a full answer, but one part of the solution lies in the fact that Rothbard follows a few main themes with iron consistency.
A Truly Austrian Treatise
[Capitalism: A Treatise on Economics • By George Reisman • Jameson Books, 1998 • l + 1046 pages]
The Income Tax Really Is Evil
For those of us who still believe that freedom is best, the way is clear: we must concentrate on the correction of the mistake of 1913. The Sixteenth Amendment must be repealed. Nothing less will do.
Rousseau’s Form of Socialism
Rousseau is merely imagining what it is convenient to imagine; and, viewed in the cold light of reason, his account of the life of primitive man at times borders on the grotesque and ludicrous.
What is Socialism? Does the word apply to Obama?
The New York Times offers a very funny look at the new fashion for calling Obama a socialist and investigates this issue as if the phenomenon is a strange linguistic invasion that requires the expertise of a psychoanalyst.
Hence, the first expert to weigh in chalks the use of the word up to “unconscious anxieties about modernity.”
Where are the tomatoes to hurl at this history prof?
Economics, Economists, and Economic Education
Steve Horwitz and I assess Jane Smiley’s discussion of economists and economics. Passages on economists, rationality, and moral philosophy:
Is the Fed’s Pumping Inflationary?
Given the recent, massive increase in commercial banks’ excess reserves, many commentators are of the view that banks will sooner or later start employing these reserves in lending and thus cause an increase in the inflation rate.
Even former Federal Reserve Chairman Alan Greenspan is alarmed by the massive pumping by the Fed and other central banks. Speaking via satellite to a conference in Mumbai on September 8, 2009, Greenspan said that central banks need to defuse the large increases in their assets.
