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...

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