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The Roots of Voluntary Exchange Lie in the Middle East

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It is today commonly believed that free markets and free-market ideology are new Western inventions. In my book The Birthplace of Capitalism: The Middle East, I challenge that notion by pointing out that enterprises, financial institutions, market-based economies, and the intellectual support for economic freedom evolved millennia ago in the Middle East. The book (which is awaiting its international ...

Free Speech Is Your Right, But It Could Get You Killed

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“The freedom of individuals verbally to oppose or challenge police action without thereby risking arrest is one of the principal characteristics by which we distinguish a free nation from a police state.”— Justice William J. Brennan, City of Houston v. Hill What the architects of the police state want are submissive, compliant, cooperative, obedient, meek citizens who don’t talk ...

Ludwig von Mises on Liberalism, Nationalism, and Self-Determination

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Ludwig von Mises was one of the most important Austrian economists of the 20th century, having left his mark on economic theory and policy by demonstrating that socialist central planning was inherently unworkable because of the abolition of a market-based pricing system for purposes of economic calculation, and by developing a theory of the business cycle that argued that ...