TGIF: Free Exchange Is Win-Win

TGIF: Free Exchange Is Win-Win

by | Jun 17, 2022 | , , , , , ,

With the possible exception of the political class and its cronies, most of us would be healthier, wealthier, happier, and freer if the public knew how to engage in "the economic way of thinking." The late Paul Heyne, who wrote a popular textbook by that name (now in its 13th edition thanks to Peter Boettke and David Prychitko), summarized the economic way of thinking by writing, "All social phenomena emerge from the choices of individuals in response to expected benefits and costs to themselves." I think of Heyne's title whenever I encounter an example of failing to understand this....

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TGIF: The Libertarian Solution

TGIF: The Libertarian Solution

by | Jun 10, 2022 | , , , , , ,

"What's the libertarian solution to social or economic problem X? How about problem Y or Z?" No libertarian needs to wait long before hearing such questions. But strictly speaking, the libertarian philosophy offers no solutions to specific problems. That's not what it does. It is not itself a solution. Rather, it describes an institutional environment in which imaginative people are free and motivated to discover innovative solutions to individual and collective problems. That environment has moral, cultural, economic, and legal dimensions, all grounded in self-ownership, respect for others,...

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TGIF: Heartless Immigration Restrictions Need Replacing

TGIF: Heartless Immigration Restrictions Need Replacing

by | Jun 3, 2022 | , , , , ,

Some elements of the right-wing are spreading the fear that Democrats are engineering a take-over of America by replacing white voters with nonwhites through liberal immigration policies. It's come to be known as "the great replacement," and in its ugliest form, it is said to be a Jewish conspiracy. Remember the sickening chant at the 2017 right-wing Charlottesville rally: "Jews will not replace us"? I wish this fear-mongering could be ignored, but since a few fanatics have committed violence apparently to prevent the "great replacement," it needs to be discussed. Why would anyone lose even...

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TGIF: Glenn Loury’s Collectivist Immigration Policy

TGIF: Glenn Loury’s Collectivist Immigration Policy

by | May 27, 2022 | , , , , , ,

Glenn Loury, the economist at Brown University, often has interesting things to say. His YouTube Glenn Show episodes with linguist and social commentator John McWhorter feature valuable insights and eye-opening data about race, woke "anti-racism," and related matters. Loury is a neoclassical economist who is generally pro-market. He harbors some doubt about government solutions to social problems. But judging by what he says about immigration, his political theory is appallingly collectivist. This is alarmingly clear from his most recent video with McWhorter. (The transcript is here.) Loury...

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TGIF: True Liberals Are Not Conservatives

TGIF: True Liberals Are Not Conservatives

by | May 20, 2022 | , , , , ,

The relevance of F. A. Hayek's essay "Why I Am Not a Conservative," the postscript to his important 1960 book, The Constitution of Liberty, is demonstrated at once by the opening quote from Lord Acton: At all times sincere friends of freedom have been rare, and its triumphs have been due to minorities, that have prevailed by associating themselves with auxiliaries whose objects often differed from their own; and this association, which is always dangerous, has sometimes been disastrous, by giving to opponents just grounds of opposition. [Emphasis added.] Who among true liberal advocates of...

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George H. Smith

by | May 13, 2022 | ,

The sad news has belatedly come to my attention that the philosopher and historian George H. Smith, 73, died on April 8. He had been in poor health. I was fortunate to have known George since the 1970s and to have had many conversations with him. He was self-educated, multidisciplinary, and nothing short of brilliant. Smith wrote several books and hundreds of articles on the philosophy, history, and intellectual history of individualism, classical liberalism, anarchism, and freethought. His output was remarkable and can be found in literary and video form at Libertarianism.org. His work is...

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TGIF: Alito’s Challenge to Libertarians

TGIF: Alito’s Challenge to Libertarians

by | May 13, 2022 | , , , ,

In his recently leaked first draft of an opinion that would reverse the abortion-rights cases Roe v. Wade and Casey v. Planned Parenthood, Supreme Court Justice Samuel Alito gives Americans a choice between judges who read their personal preferences into the Constitution and judges who recognize only rights that they find "rooted in [our] history and tradition" and deem "essential to our Nation's 'scheme of ordered Liberty.'" Is that it? Neither choice seems an adequate safeguard for individual freedom. Whether one likes the result or not, Alito's draft in Dobbs v. Jackson Women's Health...

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TGIF: Mask Mandate – Liberty Can Hang on One Word

TGIF: Mask Mandate – Liberty Can Hang on One Word

by | May 6, 2022 | , , , ,

As I mentioned recently, whether the courts protect or violate liberty in any given case is something of a coin toss. The matter could hinge on a single word. We just had a good example of that fact. On April 18 U.S. District Judge Kathryn Kimball Mizelle, a Trump appointee in Tampa, Fla., ruled that the Centers for Disease Control exceeded its statutory authority when it mandated that most people wear masks when using public transportation in order to stem the spread of COVID-19. (Health Freedom Defense Fund et al. v. Biden.) The judge's ruling hinged on a single word in §264(a) of the...

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