Richard M. Ebeling

  • Socialism, Like Dracula, Rises Again From the Grave

    How very appealing was the socialist idea in the late 19th and early (pre-WWI) 20th centuries! All the burdens of life and everyday work, all the seemingly unjust inequalities of material wealth observable in society, and all the uncertainties of health care and old age would be lifted from the weary shoulders of the common…

    Socialism, Like Dracula, Rises Again From the Grave
  • The Beautiful Philosophy of Liberalism

    There has been a great paradox in the modern world. On the one hand, freedom and prosperity have replaced tyranny and poverty for tens, indeed for hundreds of millions of people around the world over the last two centuries. Yet the political and economic system that historically has made this possible has been criticized and…

    The Beautiful Philosophy of Liberalism
  • When “Democracy” Becomes a Threat to Liberty

    Friends of freedom, including many of those who strongly believed in and fought for representative and democratically elected government in the 18th and 19th centuries, often expressed fearful concerns that “democracy” could, itself, become a threat to the liberty of many of the very people that democratic government was supposed to protect from political abuse.

    When “Democracy” Becomes a Threat to Liberty
  • Tariff Wars and the Fallacy of the Balance of Trade

    The hoopla and hysteria about balance of trade deficits, and that somehow “others” are taking advantage of us because we buy more from them than they buy from us, in fact, is the result of an analytical myopia of failing to “follow the money” through all the different forms and channels that import and export…

    Tariff Wars and the Fallacy of the Balance of Trade
  • The Real Meaning of Thanksgiving: The Triumph of Capitalism over Collectivism

    This time of the year is when we gather with our family and friends and enjoy a Thanksgiving meal together. What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America.

    The Real Meaning of Thanksgiving: The Triumph of Capitalism over Collectivism