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FDR — The Man, the Leader, the Legacy, Part 10

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Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Table of Contents When it comes to the question of money, mankind made its preference abundantly clear long ago. For millennia it has looked to the precious metals — above all, gold — as the ideal medium of exchange. So central has this standard been to any thinking about value that concepts like the Golden Age, the Golden Mean, and the Golden Rule were woven into the cultural fabric of civilized peoples. In modern history, gold was esteemed by the productive classes of society, the artisans and independent merchants and business- people, who trusted it as a shield against the inflationist machinations of state-connected financiers. As the economist Benjamin M. Anderson wrote ...

Public Schooling: Education or Indoctrination?

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In her critique of libertarian opposition to government (public) schooling, public-schoolteacher Angela Harding fails to answer some important questions. ("Libertarians Are Forever Exposing Their Radicalism," June 16) If public schooling is the tremendous success she claims it is, and if the system enjoys such widespread support among the citizenry, why is it necessary to coerce people to attend it and to fund it? Moreover, why have thousands of parents and schoolchildren voted with their feet by choosing homeschooling and private education? Why are thousands of inner-city children standing in line for private vouchers in an attempt to escape what are often nothing more than centers of violence and drugs? Indeed, if public schooling is such a success, why is practically everyone, including the presidential candidates, coming up with plans to fix it? In fairness to Harding, ...

God and the Economy: Is Capitalism Moral? Part 2

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Part 1 | Part 2 Economic Freedom is important because it helps disperse power, allowing the development of private institutions — for instance, associations, corporations, think tanks, labor unions, and universities — that can counterbalance state power. Moreover, private property is necessary for the exercise of many political rights. If you can’t buy a printing press or TV station, hire a hall, or sell newspapers, you have no press freedom. The Soviet Union’s great conundrum in the 1980s was the personal computer, necessary for economic progress but a potentially devastating weapon in the hands of dissidents. Nevertheless, there is a spiritual sterility to market capitalism that bothers many religious people. While a number of former East Germans, for instance, deplore their old police state, they still dislike the gaudy, individualistic materialism of the West. Andrew Kirk contends that capitalism assumes “that the main purpose of man’s life is the pursuit of ...