Is It a Rothbardian Moment? Populists Win in Arizona GOP Primary

The Republicans for National Renewal (RNR) held a promotional event in Phoenix, Arizona for the holiday season last year after an extensive lineup was sponsored on social media. At the time, they had little to no bragging rights as they fought an uphill battle against election integrity.

During the late hours of night in August 2022, it was clear that two themes were stated with confidence: Conservatives were out, and populists were in. The election results proved that the political landscape has been malleable, however there had been a lack of momentum from conservatives.

Reece Smith Headshot

Reece Smith is a Junior at Allegheny College, where he is pursuing a B.A. in Economics.

Leonard Read Really Did Know Beans about Labor

Leonard Read, founder and longtime guiding force of the Foundation for Economic Education, was completely committed to the belief that liberty and the private property that enabled it were both more moral and more productive than any alternative. He thought that if people could just “see” what he saw, liberty’s cause would be advanced. That is why he once described his many writing efforts as an ongoing process of “finding words for common sense,” to reach as many people as possible.

Household Employment Goes Nowhere for Fourth Month

With the release of new employment data from the Bureau of Labor Statistics today, most commentators have focused on the big gains seen in the total number of jobs as reflected in the establishment survey. According to that survey, total nonfarm jobs reached 152 million which—30 months later—finally puts total jobs back at their pre-covid peak during January and February of 2020. This was hailed as an enormously strong jobs report by many observers. 

Money Does Matter: The End of the Gold Standard Led to a Lower Standard of Living

On August 15, 1971, Richard Nixon announced that the US dollar (USD) would no longer be redeemable in gold. This was supposed to be temporary. And yet, fifty-one years later, here we are. The gold standard was gradually destroyed in the twentieth century. Now people are experiencing the consequences: less purchasing power, more economic cycles, and a weaker economy.

Public Goods, Streetlights, and Paying Pretty Girls to Walk down the Street

According to many economists, the state is warranted in taxing individuals to provide public goods because a free market in these services (e.g., streetlights) would produce a suboptimal supply. This public goods argument is fatally flawed, for it proves far too much, such as the government should pay pretty girls to go out into the street, for they too are public goods. Such a policy is totally unacceptable. A liberal society must therefore reject the public goods argument—and with it the primary grounds for support for the state provision of streetlights.