Freedom Daily Archive

Regulatory Herding, Regulatory Stampedes

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Perfect storms occur when many factors align. Sandy was one of the most damaging hurricanes in the history of the United States, but it took the confluence of a number of elements to make it so. Under normal conditions the storm would have moved northeast, away from the U.S. coast. Instead, a high-pressure cold front forced Sandy to turn ... [click for more]

Book Review: What Reality Teaches Us

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No, They Can’t: Why Government Fails — But Individuals Succeed by John Stossel (New York: Threshold Editions, 2012), 324 pages. John Stossel is the well-known host of Stossel on Fox Business. A graduate of Princeton, he has won an incredible 19 Emmy awards, is a five-time honoree for excellence in consumer reporting, and is a New York Times bestselling ... [click for more]

Chile’s Gun-Control Lesson for Americans

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One of the popular arguments for gun control is that people don’t need assault rifles, high-capacity magazines, and certain types of high-powered pistols to shoot deer. That argument, however, ignores the primary rationale for the Second Amendment, which was to ensure that people retained the means to resist tyranny at the hands of the federal government. Statists give short shrift ... [click for more]

James Buchanan’s Subjectivist Economics

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James Buchanan, the Nobel laureate who died at 93 in January, was well known for his pioneering work in Public Choice (the application of economic principles to politics), constitutional economics (as a device for limiting government power), and many other key subjects in political economy. His voluminous work has long been of interest to libertarians and classical liberals for ... [click for more]

Obama and His “Most Evident” Right: Equality

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In his second inaugural address, Barack Obama quoted the Declaration of Independence and hailed “the most evident of truths — that all of us are created equal.” Obama never explained why “created equal” was more evident than the right to liberty. He understands that he can capture far more power by invoking equality than he could by promising to ... [click for more]

Why James Buchanan Matters for Those Who Love Freedom

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On January 9 the world of political economy and the community of libertarian academics lost one of the 20th century’s most important thinkers with the death of James Buchanan at age 93. Although he was not as well known as Mises and Hayek, or even Milton Friedman or perhaps Robert Nozick, his work belongs with theirs in any discussion ... [click for more]

Ten Reasons the U.S. Is No Longer the Land of the Free

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While each new national-security power Washington has embraced was controversial when enacted, they are often discussed in isolation. But they don’t operate in isolation. They form a mosaic of powers under which our country could be considered, at least in part, authoritarian. Americans often proclaim our nation as a symbol of freedom to the world while dismissing nations such ... [click for more]

Macroeconomics as Coordination

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If your main source of economic information is a newspaper, television news station, or government statistical bureau, you would probably say that macroeconomics is the discipline that studies a handful of aggregate data series, such as consumption, investment, government spending, and total income, for the purpose of understanding the causal relationships among them. The reason people pay attention to ... [click for more]

Book Review: All in the Family: America’s Big Brother

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Enemies: A History of the FBI by Tim Weiner (New York: Random House, 2012), 560 pages. Since its humble beginnings in 1908 with a pint-sized force of 34 special agents, the Federal Bureau of Investigation has always been the pillow over the face of the First Amendment. From its inception, the FBI was first and foremost an intelligence agency ... [click for more]

Right-to-Work Laws and the Modern Classical-Liberal Tradition

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It’s not widely known, but an earlier generation of libertarians condemned so-called right-to-work laws as anti-market. For example, Milton Friedman, in Capitalism and Freedom, compared right-to-work to anti-discrimination laws. Ayn Rand also opposed right-to-work laws. The Spring 1966 issue of the libertarian student-run journal New Individualist Review carried Prof. Hirschel Kasper’s article “What’s Wrong with Right-to-Work Laws.” NIR was ... [click for more]

Police Tyranny, Slightly Curbed

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On the night of March 3, 2010, University of Maryland students spilled out onto a main street in College Park, Maryland, to celebrate a victory by the school’s basketball team. Prince George’s County police had been primed for the event and waited nearby, dressed in riot gear and ready for action. John McKenna, a 21-year-old student, skipped up toward a ... [click for more]
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