U.S. HistoryWar and Foreign Policy
U.S. EconomyU.S. History
Reagan's rhetoric on freedom and free markets was excellent. The policies he supported as president weren't nearly as great.
Legal SystemHistory of the Austrian School of Economics
Legal SystemU.S. History
In the early years of the United States, legal systems were far more localized and flexible. But elites preferred consistency over flexibility, and the rich could afford the more bureaucratic legal institutions that ordinary people could not.
When opposing modern schemes for "reparations," libertarians are taking a moral position defending property rights — they're not just deferring to the status quo.