Before wealth can be redistributed by the state, it must first be produced. But welfare-state policies end up destroying the very wealth which is necessary for redistribution.
Labor and WagesWorld History
Far from making women "wage slaves," Europe's move toward urban wage work liberated both women and men from the isolation and low productivity of rural farm work.
Monopoly and Competition
Companies with government-granted monopolies never have to worry about going out of business. And they can therefore behave badly without any consequences.
War and Foreign Policy
The growing acceptance of "humanitarian" interventions works to remove national sovereignty as a bulwark against expansionist large states in the international order.
Money and Banking
When we blame the euro for Europe's ills, we're letting politicians and central bankers — who have only ever viewed the euro as a stepping-stone toward their grand objectives — off the hook.
Big GovernmentThe EnvironmentTaxes and Spending
The media is using the recent National Climate Assessment to warn about the "cost of inaction" on climate change. Here's what they miss.
Latin Christendom was a single civilization that was at the same time radically decentralized. It was therefore more wealthy and free than other civilizations found in Russia, China, and within Islam.
Decentralization and SecessionPhilosophy and MethodologyPolitical Theory
Hayek’s theory of knowledge cautions against grand designs based on the alleged expertise of a select class of people.