Progressives claim that perhaps individual freedom might be appropriate for a simpler society but that as society grows more complex, the need for government grows. As Leonard Read pointed out, however, greater complexity requires greater freedom, not less.
Henry Hazlitt, a great champion of liberty and Austrian economics, was born on November 28, 1894. His most famous book, Economics in One Lesson, remains a best seller thirty years after his death.
Progressives claim that perhaps individual freedom might be appropriate for a simpler society but that as society grows more complex, the need for government grows. As Leonard Read pointed out, however, greater complexity requires greater freedom, not less.
Humanity progressed very slowly from the fall of the Roman Empire to almost the nineteenth century. Then came the Industrial Revolution, which changed everything.
Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view.
Why do people become libertarians? What attracts them to Austrian economics?
Haiti famously won its independence from France during a slave revolt, but being independent has not brought political stability or prosperity. Instead, Haitians struggle to get by in the Western Hemisphere's poorest country.
Compared to how most other people in the world live, Americans have a high standard of living. And despite the talk about inequality, there is more economic and social mobility here than anyplace else.
Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view.
Why do people become libertarians? What attracts them to Austrian economics?
