Fifty years ago today, December 11, 1974, F.A. Hayek gave his Nobel Lecture in Sweden. The conflict between what the public expects science to achieve in satisfaction of popular hopes, and what is really in its power, is a serious matter.
In the early years, the pilgrims of Plymouth Colony adopted a 17th-century form of socialism and nearly starved to death. They had little to be thankful for until they gave up on dreams of utopia and turned to markets instead.
In 1923 Lenin released a propaganda pamphlet titled Down with the Private Kitchen. It explained how private dinners with one's family are reactionary, bourgeois, and generally something requiring total destruction.
We're often told that submission to government edicts is "voluntary" because we have "representative" government. The evidence suggests, however, that politicians don't represent their constituents. Nor could they, even if they wanted to.
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In fact, all great states in the 20th century have been killer states, to a greater or lesser degree.
Today is the 50th anniversary of the resignation of President Richard Nixon, who left office because of his involvement in the Watergate scandal. Ryan McMaken has found some published thoughts from Murray Rothbard on the Watergate affair.
A state without money or a state that must tax its citizens to raise money for its wars is necessarily limited in its imperial ambitions. Keep in mind that this is only a problem for the state.
If we could abolish public schools and compulsory schooling laws, we would have better schools at half the price—and be freer too.
While capitalism gives rise to prosperity and freedom, the state thrives on an economically ignorant public.
