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As Cass Sunstein points out, Hayek and Mill had widely divergent rationales for liberty. But the two can be reconciled.
As the late Nobel prize-winning economist Friedrich A. Hayek once wrote, all economies are planned. Buying, selling, saving, investing, and all other activities are the result of s...
I don't often like to speak up for the late MF but I do sometimes quote his article below. He was right to speak out against the euro. So credit where credit is due. Maybe "not...
This is the second essay in a symposium that reconsiders neglected conservative thinkers. The essays were originally presented at the 2026 meeting of the Academy of Philosophy and...
Kevin Warsh would rather stay out of the fray – and thus devalue the Fed’s credibility as an economic stewardIt must feel strange to argue that government action is inevitably coun...
The scholarly class must cease their pretense about the impossibility of “Fed independence.” They want no such thing.
Two states now let citizens spend metal instead of dollars. It is the closest thing to Hayek's competing currencies this country has ever attempted — and it arrives just as Congres...
That is the title of a recent book by Beatrice Magistro. Some key results are: Economic knowledge consistently predicts higher support for welfare-enhancing policies (Eurozone mem...
If socialists understood economics, they wouldn’t be socialists. Friedrich Hayek By Dr. Jim Ferguson I have never been one to avoid a topic, but human sexuality – specifically gend...
“The most important single central fact about a free market is that no exchange takes place unless both parties benefit.” – Milton Friedman The post Quote of the Day, September 2,...
Market prices are by their very name erratic, and that's to the substantial betterment of the U.S. economy.
People are not puppets responding to the string pulls of market forces — free enterprise gives us agency
I. Atlas Shrugged in Brazil In 1988, when I was 27 years old, I read Ayn Rand for the first time. It was her novel Atlas Shrugged, in its just-released Portuguese edition. At that...
Is this text intended to be in the post? "Rare deals, quality products from ALDI catalogue will be in your shopping list this week."
On Einstein's important essay "Why Socialism?" along with his considerable involvement in politics and some of his important initiatives.
An insightful critique of ten ideas advocated by leading American "democratic socialists."
It is edited by Richard Epstein, Mario Rizzo, and Liya Palagashvili. I am one of the contributors.
Businesses need democracy to thrive, argues the founder of the business coalition Leadership Now. They should step up to defend it.
Daron Acemoglu, Nobel prize winner, and author of the renowned, Why Nations Fail adds to his formidable body of work, this new title, What Happened to Liberal Democracy, exploring...
I’m a great admirer of economist Daron Acemoglu, having read several of his books, papers, and articles, and listened to many of his public lectures, and I find that he is one of t...
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