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August 1987

Volume 37, 1987

FEATURES

A Balanced Budget Amendment

AUGUST 01, 1987 by HANS SENNHOLZ

he federal government has but two ways to balance its budget: raise taxes or reduce expenditures. The former is easy; anyone can contrive new levies. But new taxes may bring forth the wrath of those who are to bear them, which may spell political defeat to the legislators who impose them. A reduction in expenditures may be equally dangerous. To slash popular entitlements and transfer benefits may amount to political suicide.

Which Liberalism?

AUGUST 01, 1987 by TYLER COWEN
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June 2013

Cities are vast, complex orders that emerge from the voluntary actions of millions of people. In this issue, we take a look at them, from Sandy Ikeda's examination of the invisible blueprints that define cities, to Rod Lockwood's concept of a free city that could rescue Detroit, to Troy Camplin's theories of why cities exemplify the unity of paradox that defines beauty. Speaking of beauty, we reintroduce poetry to The Freeman. We also introduce The Arena, a monthly debate feature, and much, much more.Download Free PDF

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THE ARENA

The Arena is a monthly debate feature designed to help readers explore issues of concern to classical liberals/libertarians.

This month, the issue is immigration. The proposition is: The US should open its borders. Nathan Smith will be arguing for the proposition. A. M. Fantini will be arguing against the proposition.