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George Goschen on Laissez-Faire and the Dangers of Government Interference

The counterrevolution against the classical liberalism of the nineteenth century has been at work for more than 150 years. In the 1840s, 1850s, and 1860s, the triumph of a philosophy of individual rights and liberty, impartial rule of law, private property, freedom of trade and enterprise domestically and in international relations, and attempts to mitigate, if not end, wars ...

Biden’s Wrecking Ball Benevolence for Homebuyers

When did being creditworthy become a federal crime? The Biden administration is intentionally punishing homebuyers with good credit scores to subsidize people with shaky histories of paying their debts. But the latest salvation scheme ignores the sordid history of federal policymakers ravaging homeowners they promised to rescue. As of May 1, a Biden administration decree requires adjusting mortgage calculations to ...

Too Far, or Not Far Enough?

In his October 22, 2020, column in the New York Times, titled “When Libertarianism Goes Bad,” establishment economist Paul Krugman bemoaned the “libertarian rhetoric” he was hearing from Republican politicians while they questioned the usefulness of wearing face masks during the “pandemic.” This rhetoric he described as “a lot of talk about ‘freedom’ and ‘personal responsibility.’” But in addition to ...

The Dangerous Pursuit of Empire: Russia, China, and the United States

Giving up the reality, the nostalgia, or the dream of empire is very difficult for those in political power, and even for those citizens who have bought into their government’s indoctrination and propaganda. Historically, empire-builders and political leaders often seem to hold certain attitudes and ideas in common. First, they believe that they and their group or nation are on ...