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Lawrence W. Reed

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Hayek was Right: The Worst Get to the Top →

February 1, 1998

The docile and gullible will accept a ready-made system of values, even a rotten one.

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Food for Thought and Double Standards →

January 1, 1998

Winning the war of ideas requires that we not let the other side get away with judging free markets against perfection while they judge their own deficient prescriptions against mere good intentions.

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Comment

Educating Those With Special Needs →

November 1, 1997

The private sector, including private sectarian schools, religious schools, nonpublic agencies, and homeschools, offers a wide variety of education programs for this difficult-to-educate population.

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The Predatory Price-Cutting Bogeyman →

July 1, 1997

Anti-capitalist literature is rife with demons, monsters, and other assorted bogeymen, but so are fairy tales.

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Comment
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Making the Case for Liberty Stick →

December 1, 1996

Too many battles are lost to statists because of a misplaced and hard-to-shake faith in government itself. For all its endless failures, now more widely perceived than at any time in decades, government is still regarded as real and tangible while free-market alternatives are often thought of as nebulous and imaginary.

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Comment

A Vote for Optimism →

April 1, 1996

Historians record that on the eve of the last millennium, around the year 999, the world was rife with dire predictions about the future.

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Block Grants Are Not The Answer →

July 1, 1995

We ought to be raising more fundamental questions with regard to everything the federal government does: Is this a legitimate function of any government? Why should this activity be coercively funded at all?

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Destruction is Not an Economic Blessing →

June 1, 1995

People helping people is a good thing. Wanton destruction of things of value is not. Simple truths, but some people don’t yet seem to fully comprehend them.

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Comment

Comparable Worth or Incomparably Worthless? →

April 1, 1995

Employers and employees can always produce “experts” who will rank jobs differently than any arbitrary formula, which is why imposing comparable worth would produce a playground for lawyers and a bottomless pit of costly litigation.

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Government Schools: Dissatisfaction Guaranteed and No Money Back →

February 1, 1995

In free markets where individual choice prevails, conflict is minimized. You get what you pay for and you pay for what you get. If you don’t like the wares in one store, there’s no need to throw up a picket line. You don’t have to attend lengthy and boring meetings and be talked down to by public “servants.”

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Comment
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Peking Duck or Kentucky Fried? →

December 1, 1988

Mao slaughtered millions for a stupid, evil cause but today, we can celebrate that he’s gone and KFC has been open in Beijing for more than three decades!

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Toward Radical Monetary Reform →

April 1, 1982

Once it was believed that witches, warlocks, and demons were the causes of such calamities as bad weather. Elaborate contrivances were devised to drive them away. When men learned that it wasn’t so, they looked for more natural, scientific explanations. 

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Seven Fallacies of Economics →

April 1, 1981

I for one am convinced that good economics is more than possible. It is imperative, and achieving it begins with the knowledge of what bad economics is all about.

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Comment

Witch-Hunting for Robber Barons: The Standard Oil Story →

March 1, 1980

Does the story of Standard Oil really present a case against the free market? No.

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What Price Control Really Means →

April 1, 1978

Two centuries after Adam Smith penned his eloquent defense of the right to be free from coercion, coercion is again in the ascendancy. It is seen by many as the “quick fix,” the answer to chronic problems, a panacea that will bring order out of chaos. In 1795, James Madison described this phenomenon as “the old trick of turning every contingency into a resource for accumulating force in government.”

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Comment

Is There an Unfavorable Balance of Trade? →

July 1, 1977

It ought to be obvious that trade is a two-way street. In a free mar­ket, where trade is a voluntary, de­sired, and spontaneous feature of human action, there is a "perfect balance."

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A Critique of Mathematical Economics →

April 1, 1977

No wonder economics is labeled "the dismal science," one hundred years after Thomas Carlyle coined the phrase. Under the spell of mathematics, it has been reduced to cold, hard statistics. Acting man somehow has been left out of the picture, replaced by lifeless graphs and equations.

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Rousseau was a collectivist who dreamed of homogenizing individuals in a communal blender, thereby sacrificing their uniqueness for the sake of the “common good.”

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