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 Imperial Tariff: How ‘National Security’ Became Washington’s Favorite Excuse
As a libertarian commentator who’s spent years dissecting the bloated machinery of the federal government, I’ve watched with a mix of fascination and fury as the executive branch assumes powers that the Constitution explicitly reserved for Congress. The recent Supreme...