Libertarian political philosophy, as a practical matter, does not offer a prefabricated set of solutions to collective problems. Rather, it’s a liberty-based approach to ameliorating collective problems that begins by acknowledging (among other things) the dispersion, incompleteness, and tacit dimension of relevant knowledge. Thus, the approach favors decentralization, competition (in ideas and services), and choice about what trade-offs to make and with whom to cooperate. Perhaps ironically, to succeed, individualism requires and produces the collective intelligence that only markets embody.
The Supreme Court Struck Down Trump’s Tariffs, But Will It Matter?
In a landmark 6–3 decision issued on February 20, 2026, the U.S. Supreme Court ruled that President Donald Trump exceeded his statutory authority when he imposed sweeping tariffs on imports from nearly every trading partner under the International Emergency Economic...