What is America, and what does it represent?
Richard M. Ebeling
Laissez-Faire Capitalism: A Declaration of Independence from Statism
The Declaration of Independence, proclaimed by members of the Continental Congress on July 4, 1776, is the founding document of the American experiment in free government. What is too often forgotten is that what the Founding Fathers argued against in the Declaration was the heavy and intrusive hand of big government.
Austrian Economics on the 45th Anniversary of Its Rebirth
This June marks the 45th anniversary of the revival of the Austrian School of Economics. During the week of June 15-22, 1974, the Institute for Humane Studies brought together about 50 people in South Royalton, Vermont to listen to a series of lectures by three of the...
Growing Debt, Budget Deficits and the Cost of Free Lunches
It seems that every generation or two, fundamental economic ideas are questioned and challenged. The reasonable and important idea that governments should balance their budgets on an annual basis was challenged in the 1930s by the rise of Keynesian Economics and the...
Donald Trump: America’s Economic Commissar of Trade
Besides making Americans poorer than they otherwise need to be due to Trump’s tariff wars, the president has arrogantly used executive authority to arbitrarily impose higher import taxes (or their threat) at his own discretion and whim.
Professor Stigiltz’s “Progressive Capitalism” is Neo-Socialism
If there is one common enemy that all opponents of individual liberty, free markets, and limited government seemingly can agree upon it is the “evil” of neo-liberalism. Everything that is hated in an open, competitive market society is summed into that word and...
The Battle Over America: Individual Freedom Versus Democratic Statism
The idea that there was a time in American history when many more matters of daily life were considered the domain of personal decision-making and voluntary collaborative community effort has mostly been erased from people’s memory. We live in a time when an...
The Plague of Political Busbybodies
The end goal of our planning paternalists is the command economy, the government-directed market, with all businesses required to follow the planner’s investment and employment directives and, presumably, be subject to some type of punishment if the imposed targets...
Freedom: Why Immigrants Come to America
America! The word has meant hope, opportunity and freedom for tens of millions of people over the last two and half centuries. For a good part of those 250 years, the words on the Stature of Liberty in New York harbor have rang true: "Give me your tired, your poor,...
Democratic Socialism and Its Antisocial Agenda
Those who have seen the 1982 Steven Spielberg movie Poltergeist may remember the scene when the little girl touches the snowy screen of her family’s television and says, “They’re here,” meaning the evil ghostly forces bringing death and destruction. Well, they are...
The Case for Smaller Government and the Fallacy of Government Shutdowns
Another partial federal government “shutdown” began on December 22, 2018. The impression from the media and other commentaries easily suggested that the political and economic sky was about to fall. Various government departments were closed and some government...
America Through The Eyes of a Foreigner in the 19th Century
I recently have been reading a number of books written by European travellers who visited the United States, particularly, in the early and mid-decades of the 19th century.
Federal Reserve System is Socialism
Central banking is a form of central planning. The Federal Reserve has a legal monopoly over the monetary system of the United States.
The Nightmare Fairyland of the Green New Deal
House Resolution 109 “Recognizing the Duty of the Federal Government to Create a Green New Deal,” has a long list of sponsoring congresspersons who seem to be not much different from that child in the toy store.
Free Market Capitalism Is Needed More Than Ever
The famous New York Yankees baseball player and manager Yogi Berra is credited with the saying “It's déjà vu all over again.” He is also credited with claiming, “I really didn’t say everything I said.” Never were both of these truer than in our era of reborn defenses...
Abolish the Welfare State to Solve the National Debt Crisis
Why is it so difficult to win the case for freedom in modern American society? A variety of possible answers come to mind. The collectivists are more effective in appealing to people’s emotions. The interventionist-welfare-statist argument is easier to make than it is...
Capitalism and How Expectations Coordinate Markets
Open, competitive markets have a resilient capacity to successfully coordinate the actions of, now, billions of people around the world. With an amazing adaptability to changing circumstances, the actions and reactions of multitudes of suppliers and demanders are...
Government Censorship in New Zealand and The Christchurch Massacre
Government censorship will only reduce the ability to understand the causes of people guided by anti-capitalist ideas.
Censorship to Protect Us: Government Sanitized History, Books, and Press
Imagine that in 1946 the general-secretary of the United Nations had submitted a resolution to the General Assembly stating that Nazi crimes were so horrendous and despicable that the countries of the world needed to impose a blanket censorship on any public reference...
The Brexit Dilemma: Laissez-Faire Capitalism or Regulatory Statism?
The best solution would be if the British authorities followed a policy of laissez-faire.
Capitalism, Diversity, Equality, and Pluralism
Freedom and the free society are once again under direct attack by those who espouse far-greater degrees of government control over people’s lives. Wrapping themselves in the cloak of progressivism, “social justice,” and liberation from oppression and discrimination,...
Subscribe for free.
Read by students, professors, and citizens, Capitalism Magazine provides over 9,000 free to read articles and essays from pro-reason, individual rights perspective.
No spam. Unsubscribe anytime.