Conservatives and utilitarian classical liberals support freedom of contract because they deem it "useful" to society. However, Murray Rothbard believed that contractual freedom should be based upon the natural right of self-ownership.
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Economists use time preference to explain the existence of interest, but the ability of people to postpone some present consumption in order to save for the future has much broader social ramifications.
Why have some Americans opposed this nation’s involvement in foreign wars? According to Jacob Heilbrunn of The National Interest, it is because those Americans love bloody dictators like Adolph Hitler.
Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.
Ryan and Tho discuss Tucker Carlson's recent interview with Joe Rogan, and why he's right about America's dangerous "security" agencies.
Unsurprisingly, Javier Milei’s free-market and antistate initiatives face opposition in Argentina. Whether he is successful depends on his being able to politically outlast his collectivist opposition.
Individual rights originated in Western thinking. Today, it is the West that produces the ruling class that disdains individual rights and replaces them with collectivism.
Tom Woods has put his considerable skills to work exposing the dangers caused by the Federal Reserve System. George Ford Smith reviews his latest book that gives intellectual ammunition to his case.
People often stubbornly hold to false beliefs, one of them being that government regulation of driving prevents chaos. However, the opposite seems to be true: government involvement in anything, including driving a car, creates the chaos we claim we want to avoid.
