Lord Acton on true liberalism

Early last month there was a great debate over the question “What is Liberalism?” on the Free Thoughts Podcast. The debate was between Helena Rosenblatt, professor of history at City University of New York and Daniel Klein, professor of economics at George Mason University. Continue Reading...

Before economics, human freedom: Learning from Venezuela’s collapse

The Venezuelan people continue to struggle and suffer under the weight of severe socialist policies, facing economic collapse, widespread poverty, and mass starvation. In response, socialism’s critics are quick to focus on the external features, noting how all of this could have been easily avoided with a basic respect for property rights, free exchange, free prices, and so on. Continue Reading...

Recalling the one lesson: The US-China trade war revisited

Influential thinker Henry Hazlitt argued that the “art of economics” could be distilled to a generally applicable single lesson: looking not merely at the immediate but at the longer effects of any act or policy [and] tracing the consequences of that policy not merely for one group but for all groups. Continue Reading...