Freedom Daily Archive

Should the Purchasing Power of Money Be Stabilized?

by Alexander William Salter August 1, 2013

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 ...

Book Review: The Moral Case for a Free Economy

by Laurence M. Vance August 1, 2013

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 ...

Book Review: Opponent of Empire

by Martin Morse Wooster August 1, 2013

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 ...

Terrorism and the Bill of Rights

by Jacob G. Hornberger July 1, 2013

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 ...

The Market Is a Beautiful Thing

by Sheldon Richman July 1, 2013

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 ...

Obama’s Latest Democracy Scam

by James Bovard July 1, 2013

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 ...

The War on Americans

by David S. D'Amato July 1, 2013

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 ...

Stupidity or Plan?

by Scott Horton July 1, 2013

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. ...

Book Review: Slightly Limited Government’s Nearly Last Hurrah

by Joseph R. Stromberg July 1, 2013

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, ...

Book Review: Jingo Democrats

by Matthew Harwood July 1, 2013

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 ...

The Texas Public-School Controversy on 9/11

by Jacob G. Hornberger June 1, 2013

A public-school controversy over 9/11 that erupted last spring in Texas demonstrates perfectly the statist mindset in America and how that mindset blocks the libertarian effort to create a proper foreign policy. The controversy also exemplifies the wide gulf between statists and libertarians with respect to moral principles, critical thinking, the exercise of conscience, and the role of government ...

Loving Economics

by Sheldon Richman June 1, 2013

“My love affair with economics began in the fall of 1979.” With those words, Peter Boettke begins his valentine to the economics discipline, that is, his latest book: Living Economics: Yesterday, Today, and Tomorrow (Independent Institute and Universidad Francisco Marroquin, 2012). Boettke, besides being a University Professor of Economics and Philosophy at George Mason University, the BB&T Professor for the ...