I believe that every argument should begin with commonly understood definitions. Capitalism is a social system based on the explicit recognition of private property and voluntary contracts. Communism is the abolition of private property altogether. And socialism is...
60 Minutes recently aired an interview with Federal Trade Commission (FTC) Chair Lina Khan conducted by veteran reporter Lesley Stahl. This may have been the first time in their 58-year history that 60 Minutes has profiled an FTC chair, but Lina Khan is not the...
It's the Halloween season, the perfect occasion to introduce your young children and grandchildren to the wonders of the market economy. After all, the market is a process in which individuals strive to improve their situations through trade—that is, lucrative...
It is widely believed among libertarians, and really everyone of anti-globalist sentiment, that there is a high-level global depopulation conspiracy. This belief is perhaps best summed up with the pithy phrase, “You are the carbon they want to reduce.” Bill Clinton...
Readers may have wondered about a quote I used from Ludwig von Mises recently. In his book Liberalism Mises distinguished the (classical) liberal case against war from what he called the "humanitarian" case against war. To understand Mises, let's examine a...
Freedom is nearly always blamed for the bad consequences of unfreedom, that is, of government intervention. Take immigration. We hear these days that migrant gangs are killing, terrorizing, and stealing from Americans. Some immigrants without government papers have...
From the pen of H. G. Wells (1908), socialist: War is a collective concern; to turn one’s back upon it, to refuse to consider it as a possibility, is to leave it entirely to those who are least prepared to deal with it in a broad spirit. In many ways war is the most...
