"Libertarianism" is very much a part of what is now known as "classical" liberalism — the influential free-market ideology of the nineteenth century whose effects and legacy are still felt today.
These are the two major policies of financial repression currently in use: negative interest rates and quantitative easing.
While it’s easy to see how much we’re spending over there, it’s harder to see what we could be doing with all of those resources if we weren’t creating more problems abroad. We need to transform the way we think about our foreign policy and take Bastiat’s cue to try to “see the unseen.”
If Austrian economics seems daunting, just read Hazlitt.
Central banks have been at the center of the world's rapidly inflating housing prices.
Activists who genuinely believe the world faces catastrophe should give serious consideration to David Henderson’s reasons for thinking a carbon tax might be a false “solution."
A prudent strategy would be to demand an end to the US policy of using its enormous military to constantly threaten, invade, and coerce foreign nations. Fortunately, a military like that is unlikely to cost a trillion dollars per year.
Among themselves, libertarians often see important dividing lines among various factions in terms of social views and lifestyles. But most on the outside define libertarianism as being overwhelmingly for one thing: excessive and "dogmatic" devotion to free markets.
When politicians say "you never had it so good" they're taking credit for something they didn't do. In truth, what economic prosperity we have is due to private savers and entrepreneurs making economic progress possible.
Entrepreneurial action provides the fuel for the constant mining of consumer value. If entrepreneurs cease acting in this way, consumers will cease to see innovation and growing value in the marketplace.
