As Gottfried shows, Buckley has often played a malign role in purging from conservatism those not in accord with the values he at the time professes. He would not allow Old Rightists such as John T. Flynn access to his magazine to argue against the Cold War statism it was the principal aim of National Review to advance.
We all assumed that there were two poles: a 'left' pole of Communism, socialism, and total government; and a 'right' pole of libertarianism and individualist anarchism.
Contrary to Minsky, our analysis shows that it is the existence of the central bank that makes modern capitalism unstable.
So, in both cases of the "gold standard" and "free banking" we find that much of the case against the free-market policy is based on misrepresentations of the policies and semantic subversion.
The warning to all of us is that we must understand that nature is only provisionally tamed. In truth, we live in the wild, and we are only a step away from being devoured by it.
Despite the fact that he thought the advent of socialism would lead to a utopian state of personal liberty, he still manages to perceive with all the force of a great satirist the problems of state power.
If we can avoid the protectionist trap and reconcile the budget, the falling value of the dollar will eventually attract investors and stimulate exports.
The FHLB is a welfare-state institution to the bone.
Creative destruction is required for a vibrant economy. Allowing government to stop change and innovations through regulations hurts the consumer and squashes both new products and improvements.
While most Americans will never see the money the government takes they will have to bear the cost of the higher metal prices that result.
