Dr. Richard M. Ebeling is the recently appointed BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel. He was formerly professor of Economics at Northwood University, president of The Foundation for Economic Education (2003–2008), was the Ludwig von Mises Professor of Economics at Hillsdale College (1988–2003) in Hillsdale, Michigan, and served as vice president of academic affairs for The Future of Freedom Foundation (1989–2003).
Too many in the older generation in America have lost their understanding of what freedom means and why constitutionally limited government is both necessary and desirable. And the vast majority of the young have never been taught in our government-run schools the ideas…
Americans will most gain from whatever trading opportunities that may offer themselves around the globe if the U.S. government follows a strict and principled policy of unrestrained and unrestricted free trade with any and all nations of the world.
The Democrats and the Republicans, the progressives on the “left” and the go-along to get-along conservatives on the “right, are the ones who made Donald Trump.
The result of the Federal Reserve’s increase in the money supply, which pushes interest rates below that market-balancing point, is an emerging price inflation and an initial investment boom, both of which are unsustainable in the long run.
The good name of “capitalism” has to be recaptured and restored, just as the good name and concept of “liberalism,” rightly understood, should be returned to the advocates of individual liberty and free enterprise.
The friends of freedom must remind their fellow citizens that the only fundamental political question in any election is whether or not those running for political office unswervingly declare their allegiance to the philosophy of individual rights to life, liberty and p…
Nothing that Lenin or Stalin implemented in Soviet Russia or Mao in China, for example, was not called for or implied in Marx’s own writings and arguments.
It is estimated that as many as 64 million innocent men, women and children were killed in the Soviet Union in the name of building the socialist workers’ paradise.”
When I was about seventeen, and living in Hollywood, I met two men who introduced me to the works of Ayn Rand.
The CPI vs. the Diversity of Real People’s Choices
There are many economic fallacies that surround the issue of freer or open immigration into the United States, and few of them can stand up to serious critical examination.
America was once a “melting pot” of a diversity peoples that over several generations become something different from their ancestors’ national origins: they became Americans.
What is needed is a radical change, and in my opinion, this means the denationalization, the full and complete privatization of schooling from kindergarten through graduate education.
Through all the progressive’s rhetoric about “democracy” and “equality” and “social justice” and “diversity,” theirs is a political philosophy and public policy ideology of elitism, hubris, and authoritarianism.
The danger from the seemingly reasonable pragmatism that President Obama proposes as the norm and ideal for a middle or “third way” between capitalism and socialism is that is constantly moves society away from the competitive market economy and individual liberty a…
The road from political, economic and social individualism to collectivist identity and privilege through group competition for political power is what has brought us to our current political crisis as captured in this year’s presidential campaign.
What actually makes for a more just society experiencing greater opportunity, improved conditions and rising standards of living for virtually all over the long run? In a nutshell, three words: freedom, competition and trade. These are Adam Smith’s “open sesame” to …
In our post-Soviet era, the Marxian framework and mind games have been transformed into issues concerning “gender” and “race” as well as “social class.”
What binds the people of a truly free society together are a vision and an overriding value on the right of the individual to his life, liberty and honestly acquired property.
As Ludwig von Mises explained, an enterprise or activity is either guided by the pursuit of profit or it is not: Make profits by satisfying consumers better than the market supply-side rivals or meet the legislative mandate of the government bureau or agency by followin…
The Federal debt has now crossed the $19 trillion mark. When George W. Bush entered the White House in 2001, Uncle Sam’s debt stood at $5 trillion. When President Bush left office in January of 2009, it had increased to $10 trillion. Now into seven years of Barack Oba…
Carl Menger is a towering figure, not only for the development of his variation on the “marginalist” theme, but for originating a still unique and distinct and highly relevant approach to economic and social analysis that still rightly bears the name, the “Austria…
Keynes helped undermine what had been three of the essential institutional ingredients of a free-market economy: the gold standard, balanced government budgets, and open competitive markets. In their place Keynes’s legacy has given us paper-money inflation, government…
American “progressives” portray themselves as “forward-looking,” advocates of a higher and better freedom than the traditional American conception of liberty as freedom from government coercion and control. In fact, they are the intellectual great-grandchildren …
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