Articles

Nobel laureate James Buchanan died today at the age of 93. Along with his colleague Gordon Tullock, Buchanan founded the branch of political economy called “public choice.” Public choice theory studies the economic incentives of legislating—and explains how private interest groups use government to shut out competition or to seize lan ...

A great video from our friends at LearnLiberty.org … ...

Majority rule is legitimate only within the boundaries of an individual’s natural rights. The government may properly legislate on whether cars should drive on the right or left side of the road. But few would view the government’s commands as legitimate if it allowed only those who voted for it in the last election to … ...