Freedom Daily Archive

Bipartisan “Stimulus” Hypocrisy

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The cynicism and shallowness of politics were abundantly displayed throughout the debate over the “stimulus” bill. The Obama administration and its allies in Congress see themselves as champions of democracy, yet the process by which the bill was rammed through Congress flouted the democratic spirit. The final bill was nearly ... [click for more]

The Post–9/11 Roundup of Innocents, Part 1

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Part 1 | Part 2 Many Americans have been lulled into a false sense of security by the end of the George W. Bush administration. In reality, the government continues to pose grave perils to people’s rights and liberties. And it could take only one shocking incident for the government to once again show its heavy-handed ways. Prior to the ... [click for more]

The Fallacies of Another New Deal, Part 3

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Part 1 | Part 2 | Part 3 Historians want us to believe that Franklin Roosevelt had nothing to do with causing the massive unemployment and World War II that came in the wake of the Great Depression. Instead, they tell us that Roosevelt simply did the best he could with the hand which he was dealt. No doubt, ... [click for more]

The Fallacy of Equal Pay for Equal Work

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We’ve all heard the phrase “equal pay for equal work.” Many of those who habitually repeat this mantra may not realize that it is simply a variation of the discredited labor theory of value (LTV), which is generally associated with Marxian economics. According to the LTV, the value of a product is related to the labor needed ... [click for more]

The Justice of Pay Discrimination

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Recently the upstairs toilet in my house backed up. Unable to budge the clog, my wife called a plumber, who replaced both the seal and some of the inner workings of the toilet. Let’s say, just for the sake of this example, that the plumber charged us $200 for the repair. Now suppose the next day the downstairs toilet had needed ... [click for more]

Selling Short the Short-Seller

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It happens every financial crash. Or in every prolonged bear market. Or almost any time things go bad in the financial markets. An evil person must be found. Oftentimes, the scapegoat is the short-seller. Today the short-seller is like Shylock in The Merchant of Venice. It’s ... [click for more]

A Free Market in Labor

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Labor Economics from a Free Market Perspective: Employing the Unemployable by Walter Block (World Scientific, 2008); 393 pages. The first time I ever heard of Walter Block was in 1980, when a faculty colleague showed me his copy of Block’s book Defending the Undefendable. Knowing of my anarcho-capitalist views, my colleague said ... [click for more]

Gold and Freedom, Part 1

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Part 1 | Part 2 | Part 3 | Part 4 Among the major threats facing the American people today is out-of-control spending at the hands of the U.S. government. It is a grave danger that people have faced throughout history from their own governments. After all, let’s not forget the oft-repeated claim by U.S. officials about ... [click for more]

Hope Is No Substitute for Theory

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Should libertarians hope that Barack Obama succeeds or fails in his presidency? The question comes to mind because conservatives got embroiled in the issue when their leading radio star, Rush Limbaugh, said he hoped Obama would fail. Some commentators thought that was a horrible thing to say. Radio stars need ... [click for more]

Obama and Perilous Delusions of Democracy

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When Barack Obama was inaugurated on January 20, there was euphoria across the land and millions of people cheered in the streets of Washington. Many people are convinced that American democracy has been redeemed and that the federal government no longer poses a peril to individual rights. Since the people’s choice is now at the helm of the U.S. ... [click for more]

Arrogance and Torture: A History of Guantánamo

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The mesh-wire cages, suitable only for animals, are empty now and overgrown, but they will stand forever as a symbol of the Bush administration’s brutal and destructive “war on terror” policies, implemented in the wake of the terrorist attacks on the U.S. mainland on September 11, 2001. This is Camp X-Ray, the first of the prison camps at the U.S. ... [click for more]

The Fallacies of Another New Deal, Part 2

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Part 1 | Part 2 | Part 3 In the latter part of 1920, the economy fell into a deep recession, which lasted well into 1921. As Murray Rothbard points out, it was the last downturn in which the government did not play much of a role. Newly elected President Warren G. Harding openly said that government should ... [click for more]
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