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Capitalism, Freedom, and Progress

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Capitalism in America: An Economic History of the United States by Alan Greenspan and Adrian Wooldridge (Penguin Press, 2018); 496 pages. Almost everyone knows Alan Greenspan as the long-serving chairman of the Federal Reserve System. What far fewer know is that in his younger days, Greenspan was a devotee of Ayn Rand and her anti-collectivist philosophy. The Alan Greenspan of the 1960s was a thorough-going advocate of pure capitalism, undiluted by government interference. All these years later, is he still? I was eager to read his new book Capitalism in America to find out. All in all, the book, which is co-authored by Adrian Wooldridge, the political editor of The Economist, gives an accurate historical account of the roots of capitalism in America, its success in enabling people to raise their standards of living, and the reasons it has been so vilified by statists. In baseball terms, I would call the book a triple, but not a ...

Immunity for Immigration Murder

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The American immigration police state continues to grow more tyrannical with each passing day. The latest example involves the U.S. Supreme Court, which has just issued a ruling in a case that effectively gives the Border Patrol a license to kill Mexican citizens. And guess which two magic words the Court used to justify its decision: “national security,” the two buzz words that the federal judiciary has used to justify every single dark-side, sordid, unconstitutional power exercised by the U.S. national-security establishment, such as state-sponsored assassinations, torture, indefinite detention, kangaroo military tribunals, and other totalitarian-like powers. The case, Hernandez v. Mesa, involves the shooting of a 15-year-old Mexican citizen, Sergio Adrian Hernandez, by a U.S. Border Patrol officer named Jesus Mesa, Jr. Hernandez was playing with other Mexican children in a culvert that serves as the border between the United States and Mexico. The kids were playing a game that involved ...

The War on Drugs Meets the War on Immigrants

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Both conservatives and leftists (also known as “liberals”) have long lamented the flow of immigrants illegally entering the United States from Mexico or seeking refugee status within the United States. To combat this, statists have erected a police state in the American Southwest that consists of a broad array of totalitarian-like measures that have contributed to the destruction of liberty in America. One of the fascinating aspects of this phenomenon, however, is that with their war on drugs, statists — both conservatives and liberals — are themselves responsible for causing aberrant flows of illegal immigrants and people seeking refugee status. That’s because their drug war in Mexico has produced so much violence that it has induced countless people to flee the country and try to enter the United States. Thus statists are, in large part, responsible for causing the very situation that they themselves lament. This phenomenon was recently detailed in an ...

Immigration Interventionism

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Ludwig von Mises pointed out that one government intervention into economic activity inevitably leads to another intervention, which then leads to more and more interventions. That’s because the first intervention inevitably produces problems, which then require another intervention to fix those problems. That new intervention then produces a set of new problems, which then necessitates new interventions. The process ...