The case for the privatization of roads has much to recommend it if only in terms of how it would affect the power of the police to detain us, search us, and seize our property.
If we can spend a few trillion overnight to bail out investors and send out 150 million stimulus checks, why not also launch a universal basic income and a slavery reparations program?
"If [the draft bill] is passed, the House will be shoving down the throats of the American people the despotic concept of 'Theirs not to reason why; Theirs but to do and die.'"
The political theorist Douglas W. Rae argues that to get the advantages of Hayekian freedom, everybody should be guaranteed a minimum amount of resources so that they can fully participate in the market.
To succeed, entrepreneurs must demonstrate superior foresight and judgment, and practice continuous dynamic improvement in their assembly and reassembly of assets to serve the consumer.
Thanks to central banks, people now believe the myth that it is possible to shut down the economy and everything will be fine if we just print a lot of new money.
