Free Markets

Julian Assange cracked the government's veil of benignity and brought into question the state's tactics. So the state must destroy him.

A remarkable combination of a brilliant and incisive mind, an unusually clear and lucid style, and an unfailingly cheerful, generous, and gentle soul, Henry Hazlitt continues to be a veritable fount of energy and productivity.

If Scott can excoriate most of his fellow historians for confounding "civilization" with "state-making," he himself can be excoriated for confounding statelessness with lack of government.

Past expenses incurred during the production of a good are completely irrelevant to the determination of the current price of a good. The market price of a good is determined solely by the relative valuations of goods and money by the buyers and sellers of the good.

Is there an alternative to this Big Brother approach to managing homeland security? I think there is: private defense agencies offering competitive services on an open market.

Private ownership of the means of production is the fundamental institution of the market economy.

It's not as if TSA officials had said all along, since 2001, that they needed full-body scanners in order to do their jobs properly. Had they said that in the beginning, then the public probably would've protested enough such that the "small-government" George Bush wouldn't have nationalized airport security.

Why is unemployment stuck at 10 percent in the narrowest measure and as high as 30 percent for some demographics? The usual answer is that the broad economy is not recovering. That's true but superficial; it explains nothing. We have a problem of a specific kind with the job market.

Ira Levin died just over three years ago, on November 12, 2007, at the age of 78, the largely unsung author of one of the top half-dozen libertarian novels ever published in our language. <i>This Perfect Day</i> has been out of print in recent years, so largely unsung is it.

The principle of sound money consists in affirming the market's ability to choose and maintain money (and the enormous benefits this has provided to society) and also in opposing any government meddling in money.