As a follow-up to my recent article about F. A. Hayek's classic article "The Use of Knowledge in Society" (1945), I thought it worth extending Hayek's exploration of this area of social theory. In 1968 the Nobel laureate-economist delivered a lecture in German known...
The left and right-wings of economic thought spend much of their energy trying to refute each other, but an integration of both perspectives might be worth considering. The right-wing of economic thought has conclusively demonstrated that the value creating ability of...
Capitalism is a social technology that directs resources toward valuable uses, increasing the total wealth in society. As a social technology, it organizes people and resources into systems and processes. When capitalism directs resources toward processes that...
The United States and most of the rest of the world are, once again, in the midst of an inflationary crisis. Prices in general are rising at annualized rates not experienced by, especially, the industrialized countries of North America and Europe for well over 40...
“Today the tenets of this nineteenth-century philosophy of liberalism are almost forgotten. In the United States “liberal” means today a set of ideas and political postulates that in every regard are the opposite of all that liberalism meant to the preceding...
Download Episode. Scott is joined by David Stockman to talk about the economic issues facing the world today. To start, Stockman explains where the American economy stands today. He argues that the crash of 2020 represents the next stage in a 50-year evolution of...
"Language is the perfect instrument of empire."- Antonio de Nebrija, bishop of Ávila, 1492 The bishop was correct, in his time and ours. Spain proceeded to become the most powerful empire in the world over the following century, spreading her mother tongue across the...
It was out of a revulsion for tyranny and a hunger for liberty that Americans were inspired to revolution. We don’t like being told what to do. We went to war to secure the rights to life, liberty, and the pursuit of happiness.In our founding document, liberty was...
For parents who rely on baby formula—whether by choice or due to medical necessity—the nationwide baby formula shortage has become increasingly difficult to ignore. According to the Wall Street Journal, Walgreens, Target, CVS, and Kroger have all begun rationing...
We live in an age of public health. Even in countries with private sector health care, government regulates and steers the practice of medicine. On the surface this may seem a positive. In theory it's an established framework to protect the patient and practitioners...
It is not a criticism of reason to acknowledge that no reasoning person or group can have a synoptic view of the world or of society that would enable him or it to rationally plan everything. The faculty of reason is packaged within individual human beings, and no...
I have always had a bad attitude toward official secrets regardless of who is keeping them. That prejudice and John Kenneth Galbraith are to blame for an unauthorized withdrawal I made from the World Bank. When I lived in Boston in the late 1970s, I paid $25 to attend...
https://www.youtube.com/watch?v=SvMoJE7pxh4 Join Dr. Ron Paul and Tom Woods, plus very special guest Glenn Greenwald in Texas for an event you won't want to miss! Ron Paul's two campaigns for president (2008 and 2012) were watershed moments for liberty-minded people...
I never speak it out loud, but recently I’m constantly repeating a movie our daughter used to watch when she was little. Over the Hedge I believe it was called. I constantly hear the little squirrel straining to see the end of the newly constructed impediment, in his...
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