Regulation Policy & Welfare

An Open Letter to American Blacks

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The prospects for freedom in America may very well lie with you. For you have been most damaged by the welfare-state, planned-economy way of life. I wish to share some of my perspectives with you in the hopes that you will help lead our nation to break free of this enslaving ... [click for more]

The Legacy of Leonard E. Read

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Few people have had a bigger impact on my life than Leonard E. Read, the founder of The Foundation for Economic Education in Irvington, New York. I shall never forget the day I discovered a set of books entitled Essays on Liberty which were published by FEE long ago and which included many essays by Read. My life has ... [click for more]

The Farm Program Fiasco

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All government programs are sacred cows. Once taxpayers fund anything, a vocal constituency develops to assert that the nation could not survive another day without the program. This is one reason why the 1990 deficit-reduction package did not cut one program or one bureaucrat or even one penny from total federal spending. [click for more]

Something Must Be Done!

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During hard times there are few phrases as frequently heard as, "Something must be done!" And what is usually meant by the phrase is that governmental action is needed to cure the economic woes of society. In other words, government spending should be increased to raise the demand for goods and ... [click for more]

The Preservation of the Bureaucracy

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Two hundred years ago, our American ancestors instituted the most unusual political system in history. The Constitution called into existence a government whose powers, for the first time ever, were extremely limited. Thus, unlike other people throughout history, Americans lived without such things as income taxation, welfare, licensure, immigration ... [click for more]

The Sanctity of Private Property, Part 2

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Part 1 | Part 2 The last thing which Americans of today wish to face is that they have abandoned the principles of private property on which the United States was founded. In last August's Freedom Daily, I pointed to two examples of where the American people have permitted their public officials to assume absolute and total control ... [click for more]

Yes, Virginia, There Is No Santa Claus

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One of Karl Marx's most effective and influential methods of argumentation was to use language and mental imagery which were descriptive of an earlier stage of human history and then apply them to the emerging market-oriented society in which he lived. For example, the politically enforced caste systems of the old days became, for him, the "class struggle" of capitalism; ... [click for more]

The Impossibility of Socialism

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In May 1988, the Soviet newspaper Pravda ran an article which summarized the condition of the Soviet socialist economy: "Not one of the 170 essential sectors has fulfilled the objectives of the Plan a single time over the last 20 years ... this has brought about a chain reaction of hardship and imbalance which has led to 'planned ... [click for more]

Sinking in a Sea of Buts

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There were five of us at a predinner get-together, one an Austrian. These friends were each as near purists in the freedom philosophy as one ever comes upon — which is the only reason for mentioning one man's dissent. His dissent seemed insignificant, but it's the minor deviations and inconsistencies of the philosophical elite — ... [click for more]

The Sanctity of Private Property, Part 1

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Part 1 | Part 2 No myth is more pervasive among the people of the United States than that which claims that the American economic system is based on the sanctity of private property. The American people have been taught since the first grade in their government schools that America is the bastion of private property while the Soviet ... [click for more]

The Heritage of Economic Liberty

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For the Founding Fathers, economic liberty was inseparable from the case for political freedom. Many of the grievances enumerated in the Declaration of Independence concern British infringements on the free movement of goods and men between the thirteen colonies and the rest of the world. It was not a coincidence that ... [click for more]

The United States and the Roman Empire

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Nearly four decades before the birth of Christ, the Roman orator Cicero offered this sound advice: "The budget should be balanced, public debt should be reduced, the treasury should be rebuilt, the arrogance of officialdom should be tempered and controlled, and assistance to foreign hands should be curtailed, lest ... [click for more]
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