Misesian Economics in Truly Private Schools

State interference in education usurps the child’s rights and displaces the custodial role of the parents in exercising those rights. That the state would seize the custodial rights from the parents demonstrates that it has its own interests in mind. The state must resort to force because neither the child nor the parents want the natural arrangement to be overturned. Because the state rests on compulsion its activity extinguishes the very basis for the development of the personalities of children, which is freedom.

Warren Buffett Has An Austrian Economics Moment

Remember that Citigroup, Bank of America Corp. and JPMorgan Chase & Co. have formed a superfund to bail out troubled structured investment vehicles (SIV). The US Treasury Department and Henry Paulson “back” this plan. What it amounts to is another move on the part of the Wall Street-government partnership to garner market “confidence,” salvage credit markets, and bail out the banks.

LVMI on Wikipedia

I am quite impressed with the article on the Mises Institute on Wikipedia. It has come into its own in recent months and does a great job of detailing the extent of the work done at 518 West Magnolia Avenue, Auburn, AL. I also enjoyed the interview with Lew Rockwell that the article links to where he reveals that on his twelfth birthday a friend of his father’s gave him Henry Hazlitt’s Economics in One Lesson and thus his future was set in stone. 12?

The Postwar Renaissance I: Libertarianism

Murray Rothbard on the immediate postwar period: For a while the postwar ideological climate seemed to be the same as during the war: internationalism, statism, adulation of economic planning and the centralized state, were rampant everywhere. During the first postwar year, 1945–46, I entered Columbia Graduate School, where the intellectual atmosphere was, oppressively, just more of the same.

His crime: not being regulated

The Columbus Dispatch has an article about Bob Munley, a truly evil criminal. His crime? Producing and bottling tea, unregulated and at home nonetheless. And, state regulators can’t have that. So much for Liberty. Any risk associated with his tea is accepted by the consumer. Funny, you can purchase and consume FDA-approved drugs that are lethal, yet woe to him who dares sell tea made at home.

Fires of the Feds: How the Government Has Destroyed Forests

Fires are natural in that they have always occurred on earth, and will continue to occur. The real problem with the current fires, writes William Anderson, is government. Governments — in the name of “scientific” and “ecological” management — have grossly mismanaged the natural environment. Environmental policy has operated on the assumption — as so eloquently stated by Lew Rockwell — that “private ownership is the enemy.” He writes that environmentalists believe that nature is an end in itself. Indeed, we see the handiwork of such policies: utter destruction of human and animal habitat. Those endangered species that the law was supposed to protect are swallowed up along with the million-dollar houses that environmentalists hate. So much for the state that “protects” nature. In fact, government has dealt with the natural environment in much the same way that the US Armed Forces dealt with Vietnam: they have destroyed it in order to “save” it.

Anything you will is true

I don’t intend a live blog of Garrett’s book Harangue (1926)—about half finished—but I did want to share these observations on the socialist movement of the 1920s, in the words of one of the characters who treats the whole movement with some distance. Elsewhere, Garrett treats the problem of how and why the wealthy “buy” socialist ideology as a means of distinguishing themselves from the bourgeoisie. Here we have the anatomy of the movement as this one character understands it: