Tag Archives: socialism

Sowell, Mises, and the Pain of Going Against the Grain

In the last two days, I have observed that people who possess strong convictions about the way the world is can frequently turn bitter if their worldview substantially differs from popular opinion. The first piece of evidence was a quote by Milton Friedman about Ludwig von Mises: “The story I remember best happened at the initial [...]
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What’s in a Word?

Over at Marginal Revolution, Alex Tabarrok notes the emergence of discussions among libertarians about the shortcomings of the word “capitalism.” He cites some libertarian writers who have even started referring to free-markets as socialism, because they believe it more accurately represents the concept they are trying to convey. This sounds like a ridiculous notion that [...]
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