The losses that the national economy suffers from war, apart from the disadvantages that exclusion from world trade entails, consist of the destruction of goods by military actions, of the consumption of war material of all kinds, and of the loss of productive labor that the persons drawn into military service would have rendered in their civilian activities. Further losses from loss of labor occur insofar as the number of workers is lastingly reduced by the number of the fallen and as the survivors become less fit in consequence of injuries suffered, hardships undergone, illnesses suffered, and worsened nutrition.
December 5, 2023 Abolish the FTC, Antitrust Laws, and Monopolies
The FTC’s current lawsuit against Amazon is a perfect example of the statist mentality that undergirds antitrust laws. Amazon is an enormously big and hugely successful business enterprise. Therefore, according to statists, it must be an anti-competitive “monopoly.” The Federal Trade Commission and the Justice Department, the argument goes, need to take judicial action against Amazon to “weaken it” by breaking it into ...
Bastiat's Concept of What is Seen and Unseen by Jacob G. Hornberger and Richard M. Ebeling
In this week's Libertarian Angle, Jacob and Richard discuss Frederic Bastiat's famous essay about the broken window ...
America's National-Security State by Jacob G. Hornberger
The following is a nonverbatim transcript of a talk that I delivered on September 1, 2023, at the young scholar’s segment of the annual ...
Reform, Replace, or Repeal? by Laurence M. Vance
The U.S. government is a monstrosity. With its four million employees and annual budget approaching $7 trillion, there is no other way to describe ...
The Classical Economists: Frédéric Bastiat by Jacob G. Hornberger and Richard M. Ebeling
In this week's Libertarian Angle, Jacob and Richard discuss the significance of the classical economist Frederic Bastiat. Go ...
