On Whom Does the Incidence Fall? Whenever a law or labor union pressure burdens the employers with an additional expenditure for the benefit of the employees, people talk of “social gains.” The idea implied is that such benefits confer on the

Persons have a natural right to go into business together, and they may do so either as a partnership or a corporation. In the latter type of organization, the persons setting it up limit their civil liability (I won’t be

Whenever the signs of an economic weakness emerge, most economic and political commentators declare that the government should increase spending in order to prevent the economy falling into a recession. Economic activity, in this view, consists of a circular flow

In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the fallout from the first week of the Ukraine-Russian conflict. What is the impact on American politics? Are Western leaders capable of de-escalation? What will be the lasting

A free market, capitalist, exchange, political, economic system is far more environmentally friendly than any statist system, including the welfare state, socialism (whether democratic or centrally planned), or fascism. To demonstrate this, I would like to engage in some conjectural

In recent years, the financial sector has become a key target of progressive activists seeking to implement their agenda. Activists have used a variety of methods to persuade and pressure financial institutions to do their bidding. They have successfully pressured the financial

As the invasion of Ukraine continues to unfold, those seeking to understand how such a tragedy could come to pass would do well to pick up M.E. Sarotte’s new book Not One Inch: America, Russia, and the Making of Post–Cold War

When the Bush Administration announced in 2008 that Ukraine and Georgia would be eligible for NATO membership, I knew it was a terrible idea. Nearly two decades after the end of both the Warsaw Pact and the Cold War, expanding

Today would have been Murray Rothbard’s ninety-sixth birthday. This year marks twenty-seven years since we lost Murray, but we continue to benefit from his genius. Not only do his great works on economic theory, history, and political philosophy continue to be

[This classic piece appeared in Ramparts, VI, 4, June 15, 1968. It was the fulfillment of an ideological trend that began a few years earlier when consistent libertarians, led by Rothbard, sensed an estrangement from the American right-wing due to its