Freedom Daily Archive

Praxeology and Hostile Action

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Praxeology according to Mises Ludwig von Mises saw praxeology — “the general theory of human action” — as the foundation of proper economic reasoning. Starting from the self-evident fact that men “act” so as to substitute more satisfactory states of affairs for those now existing, he believed he could build the basic toolkit of economic science by working deductively from ... [click for more]

Economic Liberty and The Slaughterhouse Cases

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Are economic rights and liberties among the “privileges or immunities” of citizenship protected by the Constitution’s Fourteenth Amendment? That was the simple question before the Supreme Court in the Slaughterhouse Cases, the opinion which is today almost uniformly denounced in the legal academy. Scholars of all political and interpretive commitments have come to reject Slaughterhouse as among the Court’s ... [click for more]

The Making of a Great Entrepreneur

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Andrew Carnegie: An Economic Biography, by Samuel Bostaph (Lexington Books, 2015), 124 pages. Andrew Carnegie, that remarkable steelmaker, was a key player in the rise of the United States to becoming a world power in the late 1800s. More than that, Carnegie was one of the most spectacular entrepreneurs in all of U.S. history — ranked number four ... [click for more]

Why I Favor Limited Government, Part 3

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Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 There are two important points that one should recognize about the anarchy paradigm. First, under anarchy, there would no longer be a United States of America, and no longer would there be any U.S. citizens. There also ... [click for more]

Bipartisan Battering of Freedom

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For more than 40 years, Republicans have been promising to cut federal spending. In the same period, federal outlays have inched up by a few trillion dollars. But the Grand Old Party continues singing the same song — though voters may finally be losing confidence in the opposition team. The latest pratfall occurred last December, once again illustrating that Republican ... [click for more]

Conservatism and Libertarianism

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When conservative politicians are trying to get the votes of libertarians and “libertarian-leaning” Republicans, they often tout the supposed affinity between conservatism and libertarianism. They claim that there is a conservative and libertarian confluence of thought on many issues. They maintain that because the real enemy of conservatism and libertarianism is liberalism, conservatives and libertarians stand on common ground. ... [click for more]

Regulatory Tyranny

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Having considered the U.S. Supreme Court’s decision in the 1937 case of West Coast Hotel v. Parrish in the March 2016 issue of Future of Freedom, a case in which the jurisprudential tide turned in favor of deference to comprehensive social and economic legislation, a look at the earlier case of Schechter Poultry Corp. v. United States is in ... [click for more]

The Revolution of Rising Expectations

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Starving peasants storm the Bastille because oppression has driven them beyond the limits of human endurance. It is the quintessential image of political revolution. But what if it is wrong? Or what if there is an equally powerful force that also creates revolution and contradicts this received image? The phrase “a revolution of rising expectations” became popular after World War ... [click for more]

The Empire versus Little America

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Former Arkansas Sen. William Fulbright said in 1967, “The price of empire is America’s soul, and that price is too high.” War, expansion, the maintenance of a large standing army: these corrupt a country, as poets from James Russell Lowell to Wendell Berry have tried to tell us. The Vietnam or Iraq War may level villages across the sea but ... [click for more]

Why I Favor Limited Government, Part 2

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Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 In 1954 The Foundation for Economic Education published a book entitled Government: An Ideal Concept, by its founder and president, Leonard E. Read. In the book, which was critical of the anarchy paradigm, Read pointed out ... [click for more]

Obama’s Forgotten Victims

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The White House kept one seat vacant in the gallery during Obama’s State of the Union Address in January “for the victims of gun violence who no longer have a voice.” This was part of Obama’s crusade for new federal restrictions on firearms ownership. But shouldn’t there have also been chairs left empty to memorialize other casualties — including those ... [click for more]

Can a Business Overcharge Its Customers?

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How many times have we heard someone say that he was overcharged for something? The answer to the question of whether a business can overcharge its customers seems, on the surface, to be quite obvious. Yet, it is a question that has more than one answer. At the end of last year, Whole Foods Market, a supermarket chain specializing in ... [click for more]
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