Daily Articles

The Money-Printing Gods Have Failed

by David Stockman March 17, 2020

Hooray! Finally even the robo-machines and day traders are puking, not BTFDing. Today’s 3,000 Dow Point Dump says even they have had enough of the craven dolts who occupy the Eccles Building. You do not need an PhD in economics—or even a night school survey course—to see that COVID-19 is temporary supply side shock which 0.05% money market rates are powerless ...

Tradition and Why the Russians are Who They Are

by Richard M. Ebeling March 13, 2020

It is often said to be misplaced and inappropriate to use stereotypes when talking about people or entire nations. To do so is unfair to the wide diversity that exists among the individual citizens of any country over time or during any particular period of time. And this is no doubt true, but, nonetheless, there are such things as ...

Closing Time

by Laurence M. Vance March 12, 2020

The Democratic National Convention — where delegates of the Democratic Party choose their party’s nominees for president and vice president — will be held July 13-16 in Milwaukee, Wisconsin, at the Fiserv Forum (where the NBA’s Milwaukee Bucks play). This will be the first time that a major political party convention has been held in Milwaukee, which was among ...

Right, Bernie! We Are All (Ersatz) Socialists Now

by David Stockman March 12, 2020

In 1971 Nixon famously said “we are all Keynesians now” as he ash-canned the Bretton Woods gold exchange standard, thereby unleashing fiat central banking on the world economy. At the time, the Keynesian part wasn’t viewed as such a big deal by enlightened opinion. It was supposedly just the Republican Right catching-up with the Great Depression and shedding its vestigial ...

Coronavirus vs. the Mass Surveillance State: Which Poses the Greater Threat?

by John W. Whitehead March 10, 2020

“If, as it seems, we are in the process of becoming a totalitarian society in which the state apparatus is all-powerful, the ethics most important for the survival of the true, free, human individual would be: cheat, lie, evade, fake it, be elsewhere, forge documents, build improved electronic gadgets in your garage that’ll outwit the gadgets used by the ...

What All the Democratic Presidential Candidates Have in Common

by Laurence M. Vance March 6, 2020

And then there were three. The Democratic National Convention will be held July 13-16 in Milwaukee, Wisconsin. A record twenty-nine Democrats formally announced that they were seeking the Democratic presidential nomination. Fourteen of them withdrew in 2019. Four of them withdrew in 2020 before the Iowa Democratic caucuses on February 3 (Cory Booker, Julian Castro, John Delaney, Marianne Williamson). Three ...

Liberalism Should Reject Welfare Statism

by Richard M. Ebeling March 5, 2020

Dislike for the personality and disagreement with the policies of Donald Trump have helped to revive a seemingly dead idea: socialism. This has placed friends and defenders of a free society on the defensive in having to make the positive case for free market liberalism. The economic and psychological shocks from the financial crisis of 2008-2009, and the emotional distaste ...

So Much for Living the American Dream

by John W. Whitehead March 3, 2020

“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” ― Frédéric Bastiat, French economist Let’s talk numbers, shall we? The national debt (the amount the federal government has borrowed ...

Achieving Freedom

by Jacob G. Hornberger March 1, 2020

Achieving freedom necessarily depends on removing infringements on freedom. If all that we libertarians succeed in doing is modifying, reforming, or improving infringements on freedom, the most we will have achieved is an improvement in our condition as serfs living under America’s welfare-warfare-state way. That would be good. But it would not be freedom. Consider life in 1850 Alabama. Imagine ...

The Great College-Hunger Hoax

by James Bovard March 1, 2020

“Nearly half our college students are going hungry,” presidential candidate Bernie Sanders proclaimed in late November. Sanders’s tweet went viral, spurring more than 20,000 re-tweets and “likes.” Starving college students are a new rallying cry for social-justice warriors, spurring demands for new federal handouts and maybe even a college student-meal program modeled after school lunches. Some colleges are hyping hungry students ...

Are Americans Undertaxed?

by Laurence M. Vance March 1, 2020

According to the Tax Foundation, Tax Freedom Day “is the day when the nation as a whole has earned enough money to pay its total tax bill for the year.” Tax Freedom Day “takes all federal, state, and local taxes and divides them by the nation’s income”; that is, “every dollar that is officially part of net national income ...

Liberty versus Political Paternalism

by Richard M. Ebeling March 1, 2020

In 1951, German free-market economist Wilhelm Röpke (1899–1966), delivered a series of lectures in Cairo, Egypt, titled “The Problems of Economic Order.” Looking over the terrain of modern politics and policy thinking in the world at that time, he told his audience, If I were asked to say what appeared to me as one of the gravest features of our ...