Freedom Daily Archive

The U.S. Embrace of Monetary Tyranny, Part 3

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Part 1 | Part 2 | Part 3 In 1933, in one of the most shocking events in the history of the United States, Franklin Roosevelt issued a series of executive orders, backed by Congress, that required the American people, on pain of fine and imprisonment, to surrender their gold coins to the federal government, for ... [click for more]

What Social Animals Owe Each Other

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If I were compelled to summarize the libertarian philosophy’s distinguishing feature while standing on one foot, I’d say the following: Every person owes it to all other persons not to aggress against them. This is known as the nonaggression principle, or NAP. What is the nature of this obligation? The first thing to notice is that it is unchosen. I never ... [click for more]

The Bundy Ranch Standoff: the Bad and the Ugly

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The Bundy ranch saga has been the subject of heated good guy/bad guy framing by both mainstream liberals and mainstream conservatives, who differ only on which roles to assign to Bundy and the feds, respectively. But I can’t really see any good guys in this. The respective echo chambers for the two sides differ on whether the land in question ... [click for more]

The Economics of Foreign Policy

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Doing Bad by Doing Good: Why Humanitarian Action Fails by Christopher Coyne (Stanford Economics and Finance 2013), 272 pages. In the aftermath of the carnage wrought by World War II, Harry Truman committed America to humanitarian action. In his 1949 inaugural address, he pledged to “continue our programs for world economic recovery” and “embark on a bold new ... [click for more]

The U.S. Embrace of Monetary Tyranny, Part 2

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Part 1 | Part 2 | Part 3 In the midst of the Civil War in 1862, Abraham Lincoln secured passage of the first legal-tender law in the history of the United States. It was a law that planted the seeds of monetary debauchery that would culminate more than 70 years later during the presidential regime ... [click for more]

Fighting Discrimination without the Government

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Should the government coercively sanction business owners who refuse to serve customers because of their race or ethnicity? While such behavior is troubling — judging persons by their involuntary membership in a group eats at the foundation of libertarianism, respect for human dignity — the refusal to serve someone on such a basis is nevertheless an exercise of self-ownership, property ... [click for more]

How Trade Wars Shaped Early America, Part 1

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Part 1 | Part 2 Fair trade is once again a rallying cry for many Americans. Many contemporary leftists believe that the U.S. government should impose restrictions or tariffs on imported goods that are alleged to have been produced by underpaid or oppressed Third World workers. Few contemporary protectionists are aware of the sordid history of trade ... [click for more]

Class Theory, Part 2: Modern Progressive Class Analysis

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Part 1 | Part 2 | Part 3 On September 17, 2011, the Occupy Wall Street (OWS) movement staged its first protests in Zuccotti Park, a location in New York’s financial district. This “direct action” movement has been defined in terms of its opposition to economic inequality, institutional corruption, and the revolving door between corporate America ... [click for more]

The Defining Challenge of our Time

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Why Liberty — Your Life, Your Choices, Your Future edited by Tom G. Palmer (Jameson Books 2013) 116 pages. With this short, easily read, yet intellectually powerful book, Tom Palmer continues his work of making libertarianism the philosophy that will appeal to and animate young people around the globe. While the arguments for vastly downsizing our enormous, meddlesome, and ... [click for more]

The Boast in the Machine

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Average Is Over: Powering America Beyond the Age of the Great Stagnation by Tyler Cowen (Dutton 2013), 304 pages. In Average Is Over, George Mason University economist Tyler Cowen delivers good news and bad news with nearly equal enthusiasm. Basically, artificial “intelligence” (AI) is aggregating the “knowledge of the entire world” and intruding everywhere, ready to overturn our lives, ... [click for more]
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