The Legacy of Karl Marx

Though the Communist Manifesto, even in its own time, failed completely as an economic guidebook, it did succeed thoroughly in instilling class hatred. This hatred, unfortunately, has been its most permanent contribution.

Liberty Winning?

Louis XIV had hundreds of servants who prepared him dinner. Today, my supermarket offers me a buffet Louis XIV couldn’t imagine. Thanks to trade and property rights and markets, each of us lives as if we had more servants than kings.