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Book Review: Race and Culture

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Race and Culture: A World View by Thomas Sowell (New York: Basic Books, 1994); 331 pages; $25.00. Through most of history, since before the time of Aristotle, slavery has been considered a natural institution in human society. Indeed, Aristotle believed that some men were born to be slaves, just as others were born to be masters. The notion of a political equality of individual rights, in which there were neither masters nor slaves, was unheard of or considered an absurd utopian idea over the centuries. But slavery finally began to end in the 19th century. How did it come about? Why is it rarely talked about today? Basically because it does not fit into the fashionable schema of political correctness and anti-Western ideology that dominates the intellectual terrain of our time. To a great extent, slavery ended because ...

Separating Money and the State, Part 2: Revoking Government’s Money Monopoly

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Part 1 | Part 2 Every city in America has dozens of fast-food restaurants vying for our business. Which are successful? The ones that deliver on their promise to provide consistently good, quality food. Restaurants that do not, go out of business. If government controlled the fast-food business the same way it controls the business of money and banking, every hamburger would be the size of a quarter — and all bun. It is time that the American people ask their Federal Reserve officials: "Where's the beef?" Where is the sound money that the government promised eighty years ago, when the Federal Reserve System was established? Consumers, producers, and investors deserve real money — money that will retain its value over time — not the government's paper money that has continually lost its value over the past several decades and that the U.S. government, through legal-tender ...

The Greying of the Conservative Idea: Freedom and the Social Order

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Ours is a time without a consistent ideological or philosophical direction. The utopian dreams that dominated more than three-quarters of our century have lost their attractiveness for most people, after the attempt to implement them produced nothing but death camps, slave labor, and mass terror. Fascism, National Socialism, and Soviet communism, in their historical forms, seem to be dead. Even in Eastern Europe, where some of the renamed former Communist Party organizations have come back to power, e.g., in Lithuania, Poland, and Hungary, they have proposed neither party programs nor governmental policies that call for the reestablishment of the prior system of comprehensive central planning and one-party rule. Instead, they have declared their desire to implement privatization, foster market reform, and encourage foreign private investment. They insist that their agenda is one of "social ...