Have Americans forgotten how to be free? When warfare erupted between American colonists and the British government, the colonists believed that they had God-given rights that protected them against state power. Would that Americans today believed the same thing.
If a politician claims that he cares about the national debt, but then won't make big cuts to current federal spending, he's either a liar or a fool.
When politicians claim they are “creating jobs,” they usually mean hiring people for tax-funded government employment. Jobs in private enterprise, however, help to create real wealth and contribute to economic growth and higher living standards.
In a libertarian world, the streets and highways would no longer be state-owned, but instead managed by private entities such as companies and cooperatives. How might this work?
The California Bullet Train has become the Eternal Project That Won‘t Go Away no matter how big a failure it has become. Political inertia is a powerful force and California politicians have used it to deceive voters and taxpayers, who will face a reckoning.
The first 100 days of the second Trump administration have made it clear that those who want the foreign policy status quo to continue are serious about doing what it takes to accomplish their goals, while those who want to change it are not.
Higher education has become unaffordable and its curriculums hopelessly politicized. We should remember that all of this is a result of programs developed more than a half-century ago to make higher education more accessible.
"In government, failure is success—and the worse you do, the more money you get."
The welfare state is supposed to signal the existence of the “compassionate” society that provides care for all. However, this “compassion” has resulted in the proliferation of social pathologies that undermine civilization itself.
Excerpts from the 2025 Memorial Lectures presented at the Austrian Economics Research Conference in Auburn, Alabama.
