"It may well be, that is, that the Bolsheviks had never had the slightest idea of what their aims would mean concretely for the economic life of Russia, how those aims would of necessity have to be implemented, or what the consequences would be."
Unfortunately, some people prefer to attribute the cause of inflation not to an increase in the quantity of money but to the rise in prices.
The theory of class conflict did not begin with Karl Marx. It began with two French libertarians, and James Mill developed a similar theory in the 1820s and 1830s.
Free-market economists don't run the world, and book reviewers at the NYT should stop pretending they do.
As it celebrates 70 years of the "People's Republic," China shouldn't forget its rise was made possible by its turn away from communism.
State intervention and a crushing fiscal policy made the whole empire groan under the yoke; more than once, both poor men and rich prayed that the barbarians would deliver them from it.
Reason, equality, separation of church and state, and science and politics freed from religious dogma have characterized the Enlightenment. Have these ideas given us freedom, or cost us freedom?
The question is not whether economic progress makes people happy. Most mothers feel happier if their children survive, and most people feel happier without tuberculosis than with it.
Bob Murphy uses examples from Dan Carlin’s amazing podcast, Hardcore History, to illustrate the flaws with state-provided military services.
The Liechtenstein constitution goes to great pains to place obstacles in the way of exercising state power. It also has provisions explicitly allowing for secession.
