Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.
The free market would provide even more education than it does now but for the “unfair competition” from government.
Sheldon Richman is interviewed about the importance of Ludwig von Mises' Human Action.
Sheldon Richman, the Editor of The Freeman Magazine, lectures on the Most Dangerous Derivative: Power & Privilege in the Corporate State.
We hear fierce denunciations of what is called the “money power.” It is spoken of as mighty, demoniacal, dangerous, and schemes are proposed for mastering it which are futile and ridiculous, if it is what it is said to be. Every one of these schemes only opens chances for money-jobbers and financial wreckers to operate upon brokerages and differences while making legitimate finance hazardous and expensive, thereby adding to the cost of commercial operations.
"Every one of these schemes only opens chances for money-jobbers and financial wreckers."
Alas, in the eyes of at least some framers, Article I, Section 8, did not exhaust the national government’s powers.
The Austrian economist who refuted Marx’s exploitation theory had one of his own.
For an exchange to take place, the two parties must assess the items traded differently, with each party preferring what he is to receive to what he is to give up.
It behooves us to make sure our labels communicate clearly. Otherwise we will never bring the mass of people to the cause of liberty.
When a fan of Bastiat’s sees the broken-window fallacy in government “stimulus” spending, she is on the firmest of ground.
The economy is in a ditch;
Government has proven itself impotent;
The freedom philosophy is a radical idea that looks ahead, rather than to some mythical golden era or Panglossian present. Every time we pass up an opportunity to make this point, we alienate potential allies.
If the alternative we face is between grappling with market forces and trusting a ruling elite, anyone concerned with autonomy and equality should choose the market.
Order grows from market forces. But where do impersonal market forces come from? These are the result of human action.
If Obama is really concerned that successful people pay too little for the benefits they enjoy, radically freeing the market is just the ticket.
There are no exports and imports. There is only what I make and what everyone else makes.
Rationing suggests conscious decision-making. In a free market there is no consciousness overseeing the “distribution” of resources.
Constitutional though it may be, Obamacare is an act of aggression against Americans: Buy insurance or some of your money will be taken from you, by force—even lethal force—if necessary.
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April 16, 2040, 11:00 AM