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Dismantling Roosevelt’s New Deal

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In the midst of the congressional debate over Donald Trump’s tax bill, leftists accused Republicans of planning to dismantle Franklin Roosevelt’s New Deal. While the fear-mongering was baseless, given that Republicans favor the New Deal programs and philosophy as much as liberals do, the question naturally arises: Why shouldn’t Americans dismantle this almost- century-old socialist and interventionist experiment?   It is ...

Public Goods, National Defense, and Central Planning

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The competitive market economy is a powerful institutional mechanism for bringing human ingenuity, energy and creativity to bear to improve both the material and cultural circumstances of multitudes of people around the world. Wherever relatively free market capitalism is operating, it succeeds in ending human poverty and brings about rising standards of living for hundreds of millions, indeed, now ...