The question is rather why so many successful and highly influential intellectuals become carping critics of the free economy. Excerpted from chapter 3 of Ralph Raico's Classical Liberalism and the Austrian School.
Since government creates nothing itself, all interventions are nothing more than transfers of wealth for the benefit of some and the destruction of wealth for everyone else.
So far, the United States is leading Europe in employment improvement, but the full recovery is extremely far away.
Leonard Read has explained how so many Americans arrived at the clearly false notion that a government post office is necessary.
Is democracy a vehicle for the peaceful transfer of power out of the hands of an unpopular government? Are ballots a substitute for bullets?
Over time, the demand for reparations has evolved from a demand to compensate specific victims to became just another call for more funding from a national welfare state.
Secession increases ethnic, linguistic, religious, and cultural diversity, while in the course of centuries of centralization hundreds of distinct cultures were stamped out.
Mises explicitly explained that fascism (which he called by its Italian name, “stato corporativo”) is nothing but an outgrowth of socialism and is incompatible with a free market.
The case for the privatization of roads has much to recommend it if only in terms of how it would affect the power of the police to detain us, search us, and seize our property.
There are two kinds of inequality. One develops as societies innovate and become more productive. The other kind results from government corruption and intervention.
