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We are currently marking the hundredth anniversary of the fighting of the First World War. For four years between the summer of 1914 and November 11, 1918, the major world powers were in mortal combat with each other. The conflict radically changed the world. It overthrew the pre-1914 era of relatively limited government and free market economics, and ushered in a new epoch of big government, planned economies, and massive inflations, the full effects from which the world has still not recovered.
All the leading countries of Europe were drawn into the war. It began when the archduke of Austria- Hungary, Franz Ferdinand, and his wife, Sophia, were assassinated in Bosnia in June 1914. The Austro-Hungarian government claimed that the Bosnian-Serb assassin had the clandestine support of the Serbian government, which the government in Belgrade denied.
How a Terrible War Began and Played Out
Ultimatums and counter-ultimatums soon set in motion a series of European military alliances among the Great Powers. In ...
If you haven’t already registered for the Ron Paul Institute’s Peace and Prosperity Conference, now would be a great time to do so. When I spoke to RPI’s executive director Daniel McAdams about the conference a few weeks ago, he said that tickets were going fast and that space was limited. The date is Saturday, September 10, 2016. The time: 10:00a.m. to 3:00p.m. The place is the Washington Dulles Marriott. Only $65, including lunch. Register here.
Ron Paul has long been one of my real-life libertarian heroes. It is a big honor for me to be included among the speakers at this conference. Other speakers include Lew Rockwell, Brian McGlinchey, Col. Lawrence Wilkerson, Philip Giraldi, and, of course, Ron himself.
Permit me to explain why Ron Paul is one of my libertarian heroes. Four big reasons come to mind.
First, Ron has always embraced libertarianism, openly and unabashedly. Even though he was a Republican congressman, he has always embraced libertarians, the ...
Liberalism has become one of the most widely misused and abused words in the American political lexicon. It represents, some say, politically “progressive thought,” based on the goal of “social justice” through greater “distributive justice” for all. Others declare it represents moral relativism, political paternalism, governmental license, and just another word for “socialism.” Lost in all of this is that fact that historically “liberalism” originally meant, and continues to mean for some, individual freedom, private property, free enterprise and impartial rule of law under constitutionally limited government.
One of the greatest voices during the last hundred years for this original meaning of liberalism as personal liberty and free markets was the Austrian economist, Ludwig von Mises (1881-1973). This year marks the ninetieth anniversary of the publication of his concise, clear, and compelling case for this understanding of the truly liberal society, his 1927 book, Liberalism: The Classical Tradition.
When penned by Mises in 1927, the aftermath of the ...
