Freedom Daily Archive

The Outrage of Stop-and-Frisk

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As the subject of an ongoing trial in federal court, Floyd, et al. v. City of New York, et al., the controversial police policy known as “stop and frisk” is receiving more attention than perhaps at any other moment in its history. For most of that time — and indeed it is difficult to know exactly how long the ... [click for more]

The Zero Interest Option Could Wreck the Economy

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Economic history is primed to repeat in the nastiest of ways unless the government stops distorting the price of something we use every day. Every product, good, or service has a price, which is essential to rational decision-making. We use prices every day as vital data that guide us. Without true prices, prices not distorted by government fiat, we would ... [click for more]

Should the Purchasing Power of Money Be Stabilized?

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Economists have long debated the costs and benefits of stabilizing the purchasing power of money. Today, most First World countries’ central banks either pursue the stabilization of purchasing power as a primary goal, as in the case of the European Central Bank (technically, the stabilization of the rate of change of money’s purchasing power, by means of an inflation ... [click for more]

Book Review: The Moral Case for a Free Economy

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Defending the Free Market: The Moral Case for a Free Economy by Robert Sirico (Regnery Publishing, 2012), 213 pages. Critics of the free market assert that it fails the underprivileged, leads to income inequality, exploits the poor, and is at times downright cruel. They charge its defenders with being motivated by greed, selfishness, and materialism, and making a god out ... [click for more]

Book Review: Opponent of Empire

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Rome’s Last Citizen:  The Life and Legacy of Cato, Mortal Enemy of Caesar by Rob Goodman and Jimmy Soni (Thomas Dunne/St. Martin’s Press, 2012),  311 pages. A day, an hour, of virtuous liberty / is worth a whole eternity in bondage. — Joseph Addison, Cato Some of us know that the Cato Institute is named for Cato’s Letters, a series of essays ... [click for more]

Terrorism and the Bill of Rights

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In the aftermath of the Boston bombings last spring, GOP Sens. John McCain and Lindsey Graham and others called on Barack Obama to treat the surviving suspect in the bombings, Dzhokhar Tsarnaev, as an “enemy combatant” rather than as a criminal defendant. The episode highlighted the revolutionary change in the relationship of the American people to the federal government ... [click for more]

The Market Is a Beautiful Thing

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Market advocates tend to respect the intellect of their fellow human beings. You can tell by their reliance on philosophical, moral, economic, and historical arguments when trying to persuade others. But what if most people’s aversion to the market isn’t founded on philosophy, morality, economics, or history? What if their objection is aesthetic? More and more I’ve come to think ... [click for more]

Obama’s Latest Democracy Scam

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In his campaign earlier this year to subvert the Second Amendment, Barack Obama unveiled one of the oldest tricks in the demagogue playbook. Speaking in Colorado, he scoffed at Americans who say, “I need a gun to protect myself from the government” or “We can’t do background checks because the government is going to come take our guns away.” Obama ... [click for more]

The War on Americans

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That the consumption of certain drugs ought to be proscribed by law is probably taken for granted by most people. The presumption in favor of banning some drugs has become so strong, so embedded in the mainstream of popular discourse as to be practically beyond debate — notwithstanding either philosophical or empirical issues that stand in contradiction to the ... [click for more]

Stupidity or Plan?

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Are America’s disasters abroad a result of stupidity or some elaborate plan? An observer of modern U.S. foreign policy can be torn on that one. It makes sense that generals, contractors, and other national-security state types will invent and follow a deliberate policy of divide and rule, as well as to create crises to move on to the next big job. ... [click for more]

Book Review: Slightly Limited Government’s Nearly Last Hurrah

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Coolidge by Amity Shlaes (New York: Harper, 2013), 456 pages. I am for economy. After that, I am for more economy. — Calvin Coolidge (1920) Amity Shlaes’s Coolidge is a compelling biography of John Calvin Coolidge (1872–1933), 30th president of the United States. It is a well-paced narrative with elements of novelistic plotting and repeated themes both great and small. Indeed, ... [click for more]

Book Review: Jingo Democrats

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The Emergency State: America’s Pursuit of Absolute Security at All Costs by David C. Unger (New York: Penguin Press, 2012), 368 pages. During a meeting on the Bosnian crisis in the early 1990s, Madeleine Albright, the U.S. ambassador to the UN, furiously asked Colin Powell, chairman of the Joint Chiefs of Staff, “What’s the point of having this superb ... [click for more]
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