Innovation and the State
It is a myth that scientific research left to the mercies of the free market would be insufficient for modern technological needs. In fact, centrally planning innovation will only stifle it.
It is a myth that scientific research left to the mercies of the free market would be insufficient for modern technological needs. In fact, centrally planning innovation will only stifle it.
Robert Taft fought military conscription in 1946, stating, "If adopted, it will color our whole future. We shall have fought to abolish totalitarianism in the world, only to set it up in the United States."
How the American Right evolved from Nockian radical libertarians into a movement that openly declared, "God bless the establishment."
The market economy as a field of liberty, spontaneity, and free coordination cannot thrive in a social system that is the very opposite.
Fascism cartelizes the private sector and denies fundamental rights and liberties to individuals. This describes mainstream politics.
Libertarians must form and maintain organizations not only to promote their broad principles but to promote these principles in special fields.
One of the most blatant examples of this non sequitur occurs in discussions of the "free rider problem" and the alleged solution of government provision of so-called public goods.
During the 1920s, the emerging individualists and libertarians — the Menckens, the Nocks, etc. — were generally considered Men of the Left. This all changed with the New Deal.
Man discovered the value of free markets, free competition, and free enterprise. But then the governments man created to "protect" these rights destroyed them instead.
Out of false theories of employment, money, and interest, Keynes has distilled a fantastically wrong theory of capitalism and of a socialist paradise erected out of paper money.