It is “political ambition and the sin of covetousness,” as Chodorov put it, that helps to perpetuate the idea that government has a right to confiscate property in the name of the common good. And politicians bank on it, using it to boost political clout.
It will be interesting to see how Trump critics handle Mr. Cain. He has the one quality Elizabeth Warren and other Democrats have chosen to focus on when it comes to a Federal Reserve nominee: he isn’t a white guy.
[formatted from this twitter thread- ed.]
In the 1940s, economist Friedrich Hayek said in his book, “The Road to Serfdom,” that the road to serfdom was socialism.
A new Mises Institute podcast series, focused on Austrian theory in-depth.
A reason the left is good as what it does: it thinks big and thinks long term. Conservatives and libertarians, meanwhile, like to give up immediately if something seems like it might take a while, or if other people don't embrace their ideas instantly.
