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![Civilization: The West and the Rest [Hardcover]](http://web.archive.org./web/20120624065548im_/http://lfb.org/files/2012/05/civilization4-98x150.jpg "Civilization: The West and the Rest [Hardcover]")
Whiskey & Gunpowder
In Praise of Parallel Institutions
As a freedom strategy, “parallel institutions” refers to creating private agencies that perform the same functions as government agencies. A classic example is FedEx, which delivers packages in a manner similar to the post office. A parallel institution like FedEx benefits freedom in at least two ways: It proves the free market can successfully compete with and often outdo a government service even though the latter has the extreme advantage of tax funding. It also hastens the demise of redundant, illegitimate government services. … read more
Hayekian Moments in Life
I never tire of looking out the windows of airplanes. For all of human history until just about the day before yesterday, no living person saw the world like this. People could climb up to the top of mountains and see the valleys below. But to see that whole view looking straight down was the… read more
Defiance: A Lost Virtue?
It was August 19th, 1920. A military detachment of Red Army soldiers led by Bolshevik authorities steamrolled into the Russian town of Khitrovo to implement a policy known as “Prodrazvyorstka”; resource allocation in the name of national security which led to the confiscation of vital grain supplies and the starvation of millions of peasants. To… read more
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Empire Unplugged: A Salon with Dean Baker & Jeffrey Tucker on the Federal Reserve
Is the Federal Reserve a legitimate institution? What is the case for and against the Fed? Jeffrey Tucker, an Austrian economics advocate, executive editor of Laissez Faire Books debates CEPR Co-Director Dean Baker in this three part series. Click on the videos below to view.
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