BEGINNER

Government

MARCH 01, 2013

The institution consisting of individuals tasked with the administration of state affairs.  Government officials manage bureaucracy, arbitrate disputes, administrate and delegate power, as well as create regulation and legislation that define rules for those under the government or for the government themselves.  In order to perform these tasks the government maintains the legal monopoly of force under its jurisdiction.

 

Robert McNamara - Truth and Consequences of Government Power

Robert Levy - Big Government

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Pattern for Revolt

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Should governments regulate and intervene to correct "market failures?"

Steve Horwitz explains the dynamics of interventionism and the issues with regulating and intervening in the free market.

"What regulation and intervention do is prevent markets from discovering new ways of solving existing problems and new ways of solving new problems. When regulation erects barriers to entry or other kinds of limits on market behavior, it cuts short this discovery process, and that leads to inefficiency and waste of resources."

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Hummel and Richman at Forbes.com

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Jeffrey Rogers Hummel, a Freeman contributor and associate professor of economics at San Jose State University, and Freeman editor Sheldon Richman have published a commentary at Forbes.com disputing that the government would benefit greatly from inflation through monetization of its debt.

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TGIF: Government Failure

by Sheldon Richman

OCTOBER 05, 2007 by SHELDON RICHMAN

ONLINE EVENTS

FEE offers live online events for people new to the economic, ethical, and legal principles of a free society.

CURRENT ISSUE

April 2014

Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
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