Plus: Like Socialism, Conservative Nationalism Is Not About Liberty
The
Capitalism
Newsletter
Alexander Hamilton’s Liberalism: Distinguishing Fact and Myth ([link removed])
by Richard M Salsman
Hamilton is an Enlightened, classical liberal, a more consistent champion of rights and liberty than any other Founder, thus an inspiring model for contemporary friends of liberty.
"For the Hamiltonian, a just government, in carrying out its limited purpose of protecting rights and securing property, also must be limited to functions necessary and proper to its basic purpose. Thus in public finance it must spend wisely, frugally, and prudently; as a rule it should tax lightly, live within its means, and balance its budget. If such a government should need to borrow during emergencies such as wars, it still must do so prudently, never excessively, and regardless of its ultimate debt burden, it must not violate rights or abrogate contracts, even of those held by creditors. In the field of money, the just and efficient government must uphold objective, market-based media and monetary standards, such as the gold standard; it must not abuse the money and credit system by resorting to confiscatory or fiat-type measures for its own fiscal privileges and advantages, at the expense of innocent money-holders."
Richard M. Salsman
THIS MONTH ON CAPITALISM MAGAZINE
Trump Puts The Nail In The Tea Party Coffin ([link removed])
The Trump sanctioned agreement to suspend the debt ceiling and push annual deficits even further above the trillion dollar mark may only succeed in destroying the Republican Party as we know it.
Like Socialism, Conservative Nationalism Is Not About Liberty ([link removed])
American “nationalism,” if we are to call it this, is neither identity-politics socialism nor this newly proclaimed “conservative” national socialism. It was, and should be, an allegiance to individual liberty and unlimited economic freedom of trade and association for all things peaceful.
The Vietnam War by Ken Burns on PBS: Flawed, But Compelling ([link removed])
The Vietnam War, a 10-part series for PBS which aired in 2017, is flawed, biased and incomplete. It is also a compelling and important examination of the Southeast Asia war America lost.[link removed]
Protecting IP with Tariffs: A Recipe for Cronyism Costumed as Ethical Law Enforcement ([link removed])
Do Allegations of Intellectual-Property Theft Justify Protective Tariffs?
The Government Boot on Your Doctor's Neck ([link removed])
We live in an age when the secretary of the Interior and the White House press secretary proudly and publicly proclaim that they will keep their "boot on the neck" of an oil company. This new manifestation of "hope" and "change" is ominous at a time when the...
Wages War ([link removed])
Many high employment “countries such as Iceland, Norway, Sweden and Switzerland” have no minimum wage laws.
Climate Activism: An Ideology in Search of a Justification ([link removed])
Thirty years ago, environmentalist policies were intended to prevent us from running out of fossil fuels. Now it’s a case of having too much fossil fuel for the environment to handle.
After Trump’s ‘Racist’ Tweets, Democrats Demand ‘Civility,’ But When Have They Practiced It? ([link removed])
President Donald Trump, in a series of tweets, offered four freshman Democratic congresswomen a suggestion. Given their complaints about America and about Israel, tweeted Trump, the four, aka "the Squad" should "go back and help fix the totally broken and crime...
High Crime Black Communities Need Law and Order, Not Political Rhetoric ([link removed])
Today’s level of lawlessness and insecurity in many black communities is a relatively new phenomenon. In the 1950s, ’40s, ’30s and earlier times, people didn’t bar their windows
‘Veggie Burger’ Ban: Mississippi’s Unconstitutional Advertising Restrictions ([link removed])
The government has no power to keep consumers in the dark—or to prohibit the use of terms that consumers understand—in order to protect special interests from honest competition.
Individualism is the Political Foundation of Healthcare ([link removed])
Individualism remains the best tool to deny government the power to force us to buy health insurance in general or forbid the purchase of the kind of health care plan we prefer.
Dear Anti-Capitalist Billionaires, Why Wait For a Wealth Tax? Contribute Your Money Now! ([link removed])
On June 24, 2019, nineteen billionaires released a letter to the media entitled “A Call to Action: A Letter in Support of a Wealth Tax.” They urged potential presidential candidates to campaign for and, if elected, implement a new wealth tax that would strengthen America. I hereby offer my own letter in response.
The Pinochet Slur Against Free Market Scholars: Academic Repetition of a Lie ([link removed])
In each and every case, the aforementioned authors carelessly repeat a claim that they want to believe and that affirms their political priors. No effort is made to check sources or investigate whether the claim itself is reputable.
The Mythology Behind The Dishonest “New History of Capitalism” Slavery Smear ([link removed])
Edward Baptist, Ta-Nehisi Coates, and others of the “New History of Capitalism” demonstrate their ignorance in their dishonest attempts to associate American capitalism with slavery.
Socialist Freebies Promised By Politicians Come At The Expense of Real Freedom ([link removed])
The freebies approach to political campaigning and policymaking brazenly panders to mooching and, by expanding the size, scope, and power of government, also institutionalizes looting.
CAPITAL READING
Keeping It Real: Bringing Ideas Down to Earth ([link removed])
by Leonard Peikoff, ed. by Barry Wood (540 pages)
Offers invaluable advice on how to apply broad philosophical principles to the real-world decisions we have to make every day.
"Leonard Peikoff, Ayn Rand’s longtime friend and heir, provides a wealth of practical counsel on personal relationships, child-rearing, career problems, politics, sex, and many other topics. His answers to hundreds of questions—taken from the first five years of his former podcast—highlight the importance of ensuring that the principles we claim to live by do not float in our minds as useless wordplay, but rather guide us in action toward our personal, selfish happiness here on earth."
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