The Let-Alone Principle

The Let-Alone Principle

“[T]he political system is most conducive to the public good in which the rightful liberty of the individual is least abridged.”

Laissez-Faire Capitalism: A Declaration of Independence from Statism

Laissez-Faire Capitalism: A Declaration of Independence from Statism

The Declaration of Independence, proclaimed by members of the Continental Congress on July 4, 1776, is the founding document of the American experiment in free government. What is too often forgotten is that what the Founding Fathers argued against in the Declaration was the heavy and intrusive hand of big government.

Austrian Economics on the 45th Anniversary of Its Rebirth

Austrian Economics on the 45th Anniversary of Its Rebirth

This June marks the 45th anniversary of the revival of the Austrian School of Economics. During the week of June 15-22, 1974, the Institute for Humane Studies brought together about 50 people in South Royalton, Vermont to listen to a series of lectures by three of the...
Growing Debt, Budget Deficits and the Cost of Free Lunches

Growing Debt, Budget Deficits and the Cost of Free Lunches

It seems that every generation or two, fundamental economic ideas are questioned and challenged. The reasonable and important idea that governments should balance their budgets on an annual basis was challenged in the 1930s by the rise of Keynesian Economics and the...
Donald Trump: America’s Economic Commissar of Trade

Donald Trump: America’s Economic Commissar of Trade

Besides making Americans poorer than they otherwise need to be due to Trump’s tariff wars, the president has arrogantly used executive authority to arbitrarily impose higher import taxes (or their threat) at his own discretion and whim.

The Plague of Political Busbybodies

The Plague of Political Busbybodies

The end goal of our planning paternalists is the command economy, the government-directed market, with all businesses required to follow the planner’s investment and employment directives and, presumably, be subject to some type of punishment if the imposed targets...

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