John Locke’s view reflects the fact that a government that has nothing of its own to give, but can only give what it takes from others, means it cannot “give” to some without involuntarily violating the general welfare of others.
Gary Galles
Dr. Gary Galles is a Professor of Economics at Pepperdine.
His research focuses on public finance, public choice, the theory of the firm, the organization of industry and the role of liberty including the views of many classical liberals and America’s founders.
His books include Pathways to Policy Failure, Faulty Premises, Faulty Policies, Apostle of Peace, and Lines of Liberty.
Microsoft-Activision Merger: The FTC Should Answer Its Call of Duty to Gamers
All too often, unscrupulous businesses weaponize the United States’ antitrust laws — which are only supposed to be utilized to protect consumers against higher prices and other consequences of monopoly power — for their own self-serving purposes.
The Jones Act Has Decimated American Shipping & Trade
The Jones Act, the most restrictive cabotage law in the world, has decimated the number of American-flagged ships and the trade they carry, not built it up.
Unfair Labor Practices? Why Don’t You Go Somewhere Else?
Unionized workers effectively form a cartel that would be illegal under antitrust laws as an obvious “restraint of trade” if unions had not been specifically exempted from the rules.
Biden Administration and the Democrats Fail the Marshmallow Test
The Orwellian “Build Back Better” and “Inflation Reduction Act” plunders from the future to gratify hoped-to-be-Democrat voters now.
U.S. Government’s War on Savings
The U.S. government has long been waging war on savings, making it the cause of, rather than the solution to, low savings rates.
Blame the Federal Diabetic Assault (FDA) for High Insulin Prices
The insulin pricing problem is a result of the government regulating business.
Twitter Board’s “Poison Pill” Against Elon Musk Shortchanges Twitter Shareholders
Poison pills are more likely a defense of bad management than a defense of stockholders rights. They undermine the market for corporate control and, as a result, the value of stockholders’ investments.
Joe Biden Meet President Calvin Coolidge
The differences between President Calvin Coolidge’s results and Joe Biden’s results are like night and day. Coolidge closely reflected our Founders’ insights in what he wrote and said, which we would truly profit from, given how far we have deviated from those ideas in modern America.
George Washington’s Warning about Alienating ‘Any Portion of Our Country from the Rest’
Many have embraced the fatal disunity of factions, putting liberty in extreme peril.
Voice of Capitalism
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