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FRIDAY, SEPTEMBER 25, 2020
The increased dependence of the individual upon government which inflation produces and the demand for move government action to which this leads may for the socialist be an argument in its favor. Those who wish to preserve freedom should recognize, however, that inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason, all those who wish to stop the drift toward increasing government control should concentrate their efforts on monetary policy. There is perhaps nothing more disheartening than the fact that there are still so many intelligent and informed people who in most other respects will defend freedom and yet are induced by the immediate benefits of an expansionist policy to support what, in the long run, must destroy the foundations of a free society.

-- Friedrich A. Hayek, The Constitution of Liberty [1960]

HORNBERGER'S BLOG
September 25, 2020
What is a "Libertarian-Conservative"? Part 3
In Part 2 of this series, I pointed to an op-ed published by The Hill written by self-labeled “libertarian-conservative” Steven Calabresi. In the op-ed, which is entitled “Proposed Ryan-Bannon Import Tariff a Smart Tool to Lower Income Tax,” Calabresi wrote: If the federal government were to tax nothing but business, income, and savings, then we would discourage investment, work, ...
Go to the blog

EXPLORE FREEDOM
SOCIALISM
Socialism, American Style, Part 3
by Jacob G. Hornberger
The Future of Freedom Foundation
CRIMINAL JUSTICE
FREE TRADE
FISCAL POLICY
DRUG WAR
FREE SPEECH
ECONOMICS
FOREIGN POLICY

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EVENTS
The Libertarian Angle
Thursday, October 1, 2020
World Wide Web
Speakers: Jacob Hornberger
and Richard Ebeling
The Libertarian Angle
Thursday, October 8, 2020
World Wide Web
Speakers: Jacob Hornberger
and Richard Ebeling
The Libertarian Angle
Thursday, October 15, 2020
World Wide Web
Speakers: Jacob Hornberger
and Richard Ebeling

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