Current international tensions have intensified a debate that has existed for at least a decade between two radically different views of the world and international relations: the unipolar world and the multipolar world. When libertarians disagree on foreign policy, the underlying cause is often this difference in worldview. The purpose of this article is to show that a unipolar world is contrary to the principles of libertarianism and that a multipolar world is an important step toward global liberty.

Until the publication in 1920 of Ludwig von Mises’s work on the problem of economic calculation in socialism, there was no scientifically useful analysis of the economics of the socialist economy. With that work , and its development in the comprehensive treatise Die Gemeinwirtschaft (1922 and 1932, published in English in 1951 as

Every so often, I check my investment portfolio to see how it is doing. (I stay out of stocks these days, but that is due to my personal situation and is not to be taken as investment advice.) Portfolios are collections of various financial instruments that one is holding, and one always hopes that their value will head in the right direction over time.

Forty years ago, I reviewed Leonard Peikoff’s Ominous Parallels very negatively, and with one exception, of which the less said, the better, this proved to be the most controversial review I have ever written. Perhaps it is time for a second look. In what follows, I’ll discuss some of the book’s main points and then offer a few critical remarks.

President Biden’s student debt relief proposal created a storm of controversy. That is not surprising, since it was a transparent (and apparently successful) attempt to buy the votes of an important Democratic constituency, even though it created a target-rich environment for critics.