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CapitalismPhilosophy and Methodology
Buyers and sellers in the free market do indeed act from self-interest, but Adam Smith never argued that this excludes friendly feelings for those they do business with.
Bureaucracy and RegulationSocialismWorld History
With oil prices in likely long-term tailspin, corrupt governments can't count on oil sales to bail them out anymore. But Mexico's government didn't get the memo and still clings to the state oil monopoly.
War and Foreign PolicyPhilosophy and Methodology
Not only are conscripts enslaved, often under brutal conditions, they can be sent to die in battle. Mises opposed conscription, but there was an exception.
Philosophy and MethodologySubjectivism
Some people use the concept of negative externalities to argue for government to force people toward "what is best for them." An example of this is the call for a consumption tax.
ProgressivismMedia and CultureSocialism
To effectively counter this brand of American socialism, it is important to properly identify the problem, and to attack with precision.
Free MarketsWorld History
Entrepreneurs are the reason consumers have come to expect new gains and innovations in products and services every year. Without entrepreneurs, we'd still be using rotary phones.
Big GovernmentGlobal EconomyMoney and Banks
The budgetary restraints that the eurozone placed on member states are now in the crosshairs of ECB President Christine Lagarde.
Paternalism has in recent years made a comeback, but its philosophical foundation is quite flimsy.