America returned from Thanksgiving holiday oblivious that Washington is still whipped up into frenzy about the War on Terror, the prospects for another attack on the homeland, the creation of a new homeland-security department, and the impending war.
Capitalism (the free economy) is constantly being criticized, and it usually comes down to opposition to, and resentment against, the merchant class. However, the arguments and examples that people use against business under capitalism are not only illogical but also inaccurate.
John Gray is Ayn Rand's nightmare come true. Once a classical liberal, he now finds the inanities of Tony Blair's "Third Way",
This year's Nobel prize laureates in economics may have unwittingly laid the foundation for a retardation rather than an advancement of the economics discipline. There is not the slightest analogy between playing games and the conduct of business within a market society.
Will Rogers' sense of humor can help keep our spirit of liberty alive by openly ridiculing what is in fact ridiculous about how government really operates. His humor gave free rein to his First Amendment freedom to criticize our government--using his wit, and the threat of public embarrassment that went with it--to keep politicians and bureaucrats in their place.
Charles Lindblom is at it again. In God and Man at Yale, William Buckley, Jr.’s indictment of leftist teaching at Yale University written half a century ago,
The Nobel Committee has selected Vernon Smith for its economics prize. Smith was strongly influenced by Ludwig von Mises' treatise, Human Action, and for that Austrians can be grateful. Furthermore, Smith's research has demonstrated time and again that the Austrians are correct regarding human action in the marketplace and the mainstreamers are flat out wrong.
It's a neat trick, writes Adam Young: the media sell a certain viewpoint, then take a poll and cite public opinion to illustrate that, yes indeed, the public agrees with what it has been told, and that the only solution is more government intervention.
Libertarianism favors the political ideals set forth in the early republic, writes Adam Young: an order of peace, free trade and individual self-government, where the state was restricted in its interference in the life of the churches, and the state was largely irrelevant to the economy and to the daily lives of the average American citizen.
