Trump Sends Property Rights Up in Flames

Alongside of Catholicism and Protestantism, the primary religion in the United States is not Islam or Judaism but the American civic religion. The Pledge of Allegiance is the creed of this religion and the American flag is its chief symbol. In the American civic religion, the worst sin that an American can commit is to refuse to pledge allegiance to the flag or to desecrate it. Federal law contains numerous provisions regarding the use, handling, display, and disposal of the flag. After some college students recently burned American flags on their campuses, President-elect Donald Trump tweeted, “Nobody should be allowed to burn the American flag — if they do, there must be consequences — perhaps loss of citizenship or year in jail!”

Taxation Isn’t Only Theft, It’s Destruction

Where the state is, there also is the growth of the state. Why does a state’s scope enlarge? One theory is that interest groups seek to use the state’s taxing power for their own benefit. I would like to suggest a complementary theory. When the power to tax is conferred upon rulers, many harmful incentives necessarily are conveyed with it. These encourage the rulers to expand their destructive acts.

How Work Became Drudgery Once Again

Young people, college graduates especially, are not feeling hopeful about their careers. Mired in student loan debt, facing a labor market that has been stagnant for as long as they can remember, and deciding between a job where they’ll be miserable and moving back in with their parents, millennials have grown skeptical toward market capitalism. Yet, if they looked at the history of the matter, they would be amazed how far we’ve strayed from a free market in labor in the past century. Their plight is not due to economic freedom, but to a century of centralized efforts to regiment and regulate the labor market and the very mind and soul of the worker.

The Trouble With Socialist Anarchism

Written by Per Bylund. The new movie “V for Vendetta” has provoked public discussion of the meaning of anarchism. Murray Rothbard was an advocate of the stateless society, but he was never accepted by the anarchist movement and is still considered more a “capitalist lackey” than anarchist thinker. Indeed, anarcho-capitalism has always been considered an…

Trump’s Tactic Is Certain to Create Regime Uncertainty

The president’s actions might capture media attention and create the impression that he is going to bat to protect threatened jobs, but the visible effects of such random blundering about will be tiny in comparison with the far-reaching effects on corporate managers and owners across the board, because such selective intervention in the details of companies’ operations epitomizes the kind of action by which governments create what I have called regime uncertainty—a pervasive fear that existing private property rights in one’s property and the income the property yields will be attenuated or destroyed by unpredictable changes in government taxation, regulation, or other action.

Why We Need Less Politics and More Private Governance

We’ve lived through another election season, and this year, as with every years, the candidates competed to tell us about all the ways they were going to use the power of government to make our lives better. Unfortunately, many voters appeared quite sympathetic to the idea that government action can improve living standards and generally make markets work better. That’s the bad news. But, there are also trends at work right now that are bigger than any single election cycle, and while the candidates this year provided little reason for optimism, the voters themselves may be growing skeptical of just how much the government can solve all their problems. Nevertheless, one of the most important things we can do is really explain and understand how markets, and not government intervention, are our best hope for an orderly and prosperous society.

Thank You, Donald Trump

We advocates of liberty owe Donald Trump a great debt of gratitude. Thanks to Trump it is clearer than ever that most people who call themselves conservatives, and not just those who have lined up with Trump, are no cousins of ours. Freedom is not on their list of priorities. Neither is free enterprise. Nor civil liberties. And I need not mention war, peace, and empire.