Liberalism was once about repealing laws, now it is about making laws. That the way in which we use the word “liberalism” mutated with time is beyond question. In the 20th century, “liberalism,” particularly...

One of the fundamental questions in development economics is how an economy grows. As the reader may know, an economy grows by means of economic freedom, which implies property rights and the emergence of...

Last week I discussed a new argument against paternalism in the important book of Mario Rizzo and Glen Whitman, Escaping Paternalism. Today I’d like to give the other side a chance. Robert H. Frank is an economist at Cornell...

I’m sitting in the pub after a Skeptics Society meet up. I don’t go very often, but there was a famous author speaking, and living (as most of us do these days) in something...

Following the Trump administration’s decision to assassinate General Soleimani earlier this month, many Americans began to fear that war between the United States and Iran was imminent. Tensions rose as the president and the...

On the eve of the Great Recession, former President George W. Bush in a 2007 speech urged people to “go shopping more” in order to keep “our economy growing.” Indeed, the business press scarcely completes a report...

In the conservative and libertarian movements there have been two major forms of surrender, of abandonment of the cause. The most common and most glaringly obvious form is one we are all too familiar with:...

A common retort to the claim that in voluntary exchange both parties expect to become better off (or they wouldn’t do it) is that exchanges are seldom, if ever, a matter of horizontal, equal...

According to the popular way of thinking, it is held that banks are responsible for the expansion of lending also known as credit, and given that economic prosperity is associated with an increase in...

I. Introduction What a wonderful gathering of students today, on this impressive and beautiful campus. We can see why Hans Sennholz loved this place, and why Drs. Herbener and Ritenour so enjoy living and teaching here. You...