Murray Rothbard and Milton Friedman didn’t only disagree on the subject of economics. They also sharply disagreed on the direction American conservatism needed to go.
As the Biden administration doubles down in its determination to create a more progressive nation, it inadvertently is creating more opportunities to promote libertarian alternatives.
His policies took more than a million people off the income tax rolls, and 98% of Americans paid no income tax at the end of his term. As a result, America prospered under Coolidge. Real economic growth averaged 7% per year while he was in office.
The accusations against capitalism that we read not only from progressives but also conservatives are based upon fallacious thinking. It’s time to deal with these fallacies head on.
British conservative critics of industrialization invented new terms like "wage slavery," "factory slavery," and "white slavery." Much of the conservatives' terminology and their arguments would later be adopted by socialists.
The common belief is that increases in the stock market drive overall economic growth. Expansionary monetary policies, however, are responsible for driving up stock prices even as they simultaneously damage the economy.
The standard line from US political elites is that failure to aid Ukraine would mean Russia's destruction of what is left of the country. However, the likely result would be a negotiated peace.
