Richard M. Ebeling

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).

The Real Meaning of Thanksgiving: The Triumph of Capitalism over Collectivism

In the wilderness of the New World, the Plymouth Pilgrims had progressed from the false dream of communism to the sound realism of capitalism.

Laissez-Faire Capitalism: A Declaration of Independence from Statism

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

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

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...

The Plague of Political Busbybodies

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

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

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 Nightmare Fairyland of the Green New Deal

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

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

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

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...

Capitalism, Diversity, Equality, and Pluralism

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,...

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