The American people are extremely fortunate. Two hundred years ago, their Founding Fathers used the Constitution to prohibit American government officials from ever enacting trade and immigration restrictions between the respective states of the Union. This meant that the ...
August 19, 1994, will go down as a black day in the history of the United States. On that day, President William Jefferson Clinton began jailing Cuban refugees in an American concentration center ...
Part 1 | Part 2
Political killings of innocent people could never happen in America, our fellow citizens tell us. America is a democracy. But so was Nazi Germany. Hitler was popularly elected, and his economic policies were widely ...
Part 1 | Part 2
Before the end of World War II, in 1944, Friedrich A. Hayek, who was later to win the Nobel memorial prize in economic science, startled the Western world with ...
Two centuries ago, Adam Smith asked a very fundamental question: what are the nature and causes of the wealth of nations? Note that Smith did not ask what most people today ask — that is, what are the causes ...
Part 1 | Part 2 | Part 3
Despite their good intentions, the proponents of the welfare-state, managed-economy way of life have ended up with results that are opposite from what they intended. The war on poverty was ...
Part 1 | Part 2 | Part 3
The welfare state and the managed economy do more than destroy individual self-esteem. They also destroy hopes of improving one's life. Now, we know that money cannot buy happiness, but ...
Part 1 | Part 2 | Part 3
When the surgeon general of the United States, Joycelyn Elders, announced that drug legalization was an idea worth studying, the reaction among politicians, bureaucrats, conservatives, and even those on the ...
Part 1 | Part 2 | Part 3
The only solution to America's health-care crisis is to end, not reform, governmental intervention into economic activity. What would this entail? A way of life in which people would be ...
Part 1 | Part 2 | Part 3
For over one hundred years, the American people said no to governmental intervention into health care. Americans did not permit their respective states to license physicians and other health-care providers. ...