Friday, February 20, 2026
Announcement
Friday, February 13, 2026
TGIF: Immigration vs. Settler Colonialism
The people performing those mind-boggling contortions to justify, on libertarian grounds, state violence against migrants without papers—restrictatarians, I call them—cite a 1994 article by Murray Rothbard (1926-1995) in support of their double-jointed acrobatics. Rothbard was correct about many things, but a position is not correct merely because Rothbard held it. I expect no disagreement over that.
As a general matter, Rothbard's importance to the shaping of the modern libertarian movement needs no documentation. He was accomplished in economics, social theory, and history. In his time, he was known as Mr. Libertarian, the guardian of the plumb line. (He was also my friend and, informally, my teacher.) His words carry much weight for people who love liberty. It's therefore appropriate to show why, in this case, in 1994, Rothbard was stunningly wrong about immigration, or the freedom to move.
Friday, February 06, 2026
TGIF: Damn Those Innovators!
The problem of survival is never "solved," once and for all, with no further thought or motion required. More precisely, the problem of survival is solved, by recognizing that survival demands constant growth and creativeness....
Capitalism, by its nature, entails a constant process of motion, growth and progress. It creates the optimum social conditions for man to respond to the challenges of nature in such a way as to best further his life. It operates to the benefit of all those who choose to be active in the production process, whatever their level of ability. But it is not geared to the demands of stagnation. Neither is reality.
—Nathaniel Branden, "The Divine Right of Stagnation"
Our lives are improved in all sorts of ways by courageous, risk-bearing entrepreneurs, who seek to change the world at a profit. For that reason alone, we should jealously safeguard an environment friendly to entrepreneurship. As the economic historian Deirdre McCloskey has shown through indefatigable research, when society is marred by envy of the richer and highly successful, we all suffer. Widespread prosperity soars, McCloskey demonstrates, when a culture in effect erects huge neon signs brightly flashing the message, "You think you have a great idea? Well, give it a go!"
That is not how people have felt through most of history. Envy that bred a fear of pioneers smothered innovation. Thomas Sowell has documented the horrors, including massacres, inflicted on "middleman minorities," such as Jews in Europe, Chinese in Southeast Asia, and Indians and Lebanese in Africa. The economically illiterate masses could not understand why middlemen got rich "doing nothing," never asking themselves why they nevertheless availed themselves of those allegedly unproductive services. That the relatively rich middlemen were usually different ethnically from the majority population made persecuting them with a clear conscience all the easier.
The point is that our lives, health, and comfort depend on innovators and entrepreneurs, and that they need freedom and security of life and property if they are to render their services. I don't think people fully understand that, even today.
Wednesday, February 04, 2026
Capitalism Can't Be Everything Its Foes Say It Is
"Nothing is more unpopular today than the free market economy, i.e., capitalism. Everything that is considered unsatisfactory in present-day conditions is charged to capitalism. The atheists make capitalism responsible for the survival of Christianity. But the papal encyclicals blame capitalism for the spread of irreligion and the sins of our contemporaries, and the Protestant churches and sects are no less vigorous in their indictment of capitalist greed. Friends of peace consider our wars as an offshoot of capitalist imperialism. But the adamant nationalist warmongers of Germany and Italy indicted capitalism for its “bourgeois” pacifism, contrary to human nature and to the inescapable laws of history. Sermonizers accuse capitalism of disrupting the family and fostering licentiousness. But the “progressives” blame capitalism for the preservation of allegedly outdated rules of sexual restraint. Almost all men agree that poverty is an outcome of capitalism. On the other hand many deplore the fact that capitalism, in catering lavishly to the wishes of people intent upon getting more amenities and a better living, promotes a crass materialism. These contradictory accusations of capitalism cancel one another. But the fact remains that there are few people left who would not condemn capitalism altogether."
—Ludwig von Mises, Planned Chaos, 1947
