Washington’s Wisdom on Factions

Americans have given up celebrating George Washington’s birthday in exchange for a 3-day weekend. The price includes overlooking the wisdom he has to offer us. That is particularly unfortunate at a time of intense political partisanship, illustrated by the Presidential campaigns, because he had plenty to say about such factionalism. The danger of factions to American liberty was a major part of his 1796 Farewell Address.

Is the Starving Man Free?

Modern “liberals” who advocate the view that government should provide us with the necessities or alleged necessities of life rarely appreciate that this assistance rests on a system of mass robbery and enslavement that is highly inimical to their professed belief in liberty. In fact, the advocates of such policies present them in quite the opposite light, as enhancing our liberty. This contention rests on the conceptual claim that liberty requires certain of our most basic needs to be satisfied, if necessary by the actions of others. Adherents of this view assert that “the starving man is not free”.

The Epistemological Case for Capitalism

In In the early 1950s, writes Guido Hulsmann in his biography of Mises, Mises’s NYU seminar dealt increasingly with epistemological questions. The epistemology of economics was not just an idle pastime for ivory-tower intellectuals; it was of direct practical relevance. How does economic theory relate to reality? Most economists believed -- and still believe today -- that their propositions concern only hypothetical conditions never actually given in real life.

Patent Hypocrisy

It always galls me when I see limousine liberals send their kids to fancy private schools while supporting public school; or Congressmen exempting themselves from their own wage and hour legislation.

The Frightful Face of Stimulus

Among businesspeople, bankers, and investors, there is a growing fear that the economy is headed towards recession or already in one. But that alone is not the source of worry. After all, an economy if left alone to function in freedom can recover. The real problem has to do with the political response. There is every indication that no matter who comes to be in charge in November, we face a future of massive spending, inflating, and regulating. And here is the real danger.

The Conspiracy Theory of History Revisited

Murray Rothbard writes: Anytime that a hard-nosed analysis is put forth of who our rulers are, of how their political and economic interests interlock, it is invariably denounced by Establishment liberals and conservatives (and even by many libertarians) as a “conspiracy theory of history,” “paranoid,” “economic determinist,” and even “Marxist.” These smear labels are applied across the board, even though such realistic analyses can be, and have been, made from any and all parts of the economic spectru