Daily Articles

America’s Wars and the Los Angeles Riots, Part 2

by Jacob G. Hornberger January 1, 1993

Part 1 | Part 2 Whether the jury's verdict in the Rodney King case was a miscarriage of justice is beside the point. The real point is the shocking reaction to the verdict by many in the black and Hispanic communities. No mereacquittal can engender the response that was manifested in Los Angeles. The anger and outrage of the ...

Historical Capitalism vs. The Free Market

by Richard M. Ebeling January 1, 1993

During the dark days of Nazi collectivism in Europe, the German economist Wilhelm Röpke used the haven of neutral Switzerland for continuing to write and lecture on the moral and economic principles of the free society. "Collectivism," he warned, was "the fundamental and moral danger of the West." The triumph ...

Wanted: A Real Deregulatory Revolution

by Doug Bandow January 1, 1993

Jennifer Crafts exemplifies the best of American entrepreneurship. She wanted both to work and to spend more time with A.J., her infant son. So she opened a restaurant-A.J.'s Place- and put A.J. in a playpen next to the kitchen. The customers were almost as happy as Jennifer to have him around. Explained regular Richard Reynolds, ...

Book Review: Laogai – The Chinese Gulog

by Richard M. Ebeling January 1, 1993

Laogai—The Chinese Gulag by Hongda Harry Wu (Boulder, Colorado: Westview Press, Inc., 1992); 247 pages; $34.95. The world has marveled for over ten years at the economic progress in communist China. The collective farms were transformed into private family enterprises. The Communist Party declared that "to be rich is glorious," and ...

America’s Wars and the Los Angeles Riots, Part 1

by Jacob G. Hornberger December 1, 1992

Part 1 | Part 2 For much of the 20th century, the United States government has waged its Wars on Poverty, Drugs, and Illiteracy. And there is no better evidence of the failure of these wars than the riots that occurred in Los Angeles. The principles that undergird America's economic system in our time are radically different from those under ...

“Competing Capitalism” and the New Rationales for Economic Collectivism

by Richard M. Ebeling December 1, 1992

Since the collapse of the communist governments in Eastern Europe and the former Soviet Union, the West has basked in the glory of the triumph of democracy and capitalism over dictatorship and socialism. The need for "market relationships" and a capitalist economy to assure both economic prosperity and political ...

The Rise, Fall, and Renaissance of Classical Liberalism, Part 3: The 20th Century

by Ralph Raico December 1, 1992

Part 1 | Part 2 | Part 3 The First World War was the watershed of the twentieth century. Itself the product of antiliberal ideas and policies, such as militarism and protectionism, the Great War fostered statism in every form. In Europe and America, the trend towards state intervention accelerated, as governments conscripted, censored, inflated, ran up mountains ...

Book Review: Russia Transformed

by Richard M. Ebeling December 1, 1992

Russia Transformed: Breakthrough to Hope by James H. Billington (New York: The Free Press, 1992); 202 pages; $19.95. Earlier this year, the Library of Congress in Washington, D.C., hosted an exhibit of previously secret documents from the Soviet archives. One of them was an order sent by Lenin on August 11, 1918, to ...

Electing Our Daddy

by Jacob G. Hornberger November 1, 1992

For 125 years, the American people elected a president. During that time, the powers of the president were extremely limited. The American people did not permit the passage, for example, of income taxation, drug laws, and welfare laws. They also refused to permit a large standing military force. And they did not allow their government to engage in foreign ...

Some Warnings for the East: What Former Socialist Countries Need to Know

by Richard M. Ebeling November 1, 1992

For the last three years, the Eastern European countries and the republics of the former Soviet Union have been trying to escape from their socialist past. Democratic governments have been elected, and market reforms have been promised. Yet, in each of these countries, the socialist economic structures still exist ...

The Dead End of Head Start

by Llewellyn H. Rockwell Jr. November 1, 1992

Head Start is the only one of Lyndon Baines Johnson's welfare programs that works, or so we're told. The New York Times calls it "the Great Society jewel." And our Republican president, George Bush, asked for "record spending" on Head Start in his new budget. He even crawled around on the floor at a Head Start center, talking ...

Liberty’s Guilded Door

by Wall Street Journal November 1, 1992

Hong Kong's administration calls it a success to have finally deterred Vietnamese boat people from seeking asylum in the British Crown Colony. Hong Kong's authorities announced proudly that for the first time in seven years, the number of new Vietnamese refugee arrivals in Hong Kong dropped to zero. The reason is not that Communist Vietnam has suddenly become a realm ...