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January 31, 2018
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Brian C. Albrecht

Bordo’s Principles for Monetary Stability

Financial crises come in all shapes and sizes. What could we possibly learn about proper monetary policy?

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Cayman Island
Sven Larson

Tax Havens Put EU States to Shame

In the face of true economic competition, the European Union is showing increasingly totalitarian tendencies toward those who offer better economic conditions than its member states.

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Jeffrey Tucker

The Modern Origins of Economic Nationalism

Nationalism emerged in the 19th century as an alternative to economic liberalism of the classical variety. Liberalism was embodied in the works of Adam Smith, J.B. Say, Thomas Jefferson, and A.RJ. Turgot. Smith summed up the creed: “What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.” In other words, there is no conflict of interests between the individual and the community, the community and the nation, and the nation and the rest of the world. That core ideal was on the ascendancy throughout the development from the end of the 18th century for another fifty years following.

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Rejtan_Upadek_Polski_Matejko
Jeffrey Tucker

Political Division Is How We Grow Rich

What I’m suggesting here is that the divisions between these various centers of political, culture, and intellectual power are actually a good thing. I wouldn’t want anyone to win the great debates of our time. The end of division itself might be the worst possible outcome because it would imply that someone power source is now in charge. We actually don’t want anyone in charge. We want to recreate the conditions that made the West rich in the first place: tremendous diffusion of power and unending competition between all sectors of society.

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