Laissez-faire capitalism, or anarchocapitalism, is simply the economic form of the libertarian ethic. Laissez-faire capitalism encompasses the notion that men should exchange goods and services, without regulation, solely on the basis of value for value. It recognizes charity and communal enterprises as voluntary versions of this same ethic. Such a system would be straight barter, except for the widely felt need for a division of labor in which men, voluntarily, accept value tokens such as cash and credit. Economically, this system is anarchy, and proudly so.

Given a nation that not enough citizens can be attracted to defend voluntarily, you probably also have a nation that, by definition, isn't really worth defendi…

Individualism. Self-reliance. Decentralization. Individual responsibility.

Extremism in the pursuit of liberty is no vice. Moderation in the pursuit of justice is no virtue.

Is that to say we are against Free Trade? No, we are for Free Trade, because by Free Trade all economical laws, with their most astounding contradictions, will…

Poker is a microcosm of all we admire and disdain about capitalism and democracy. It can be rough-hewn or polished, warm or cold, charitable and caring or hard…

Economics, said Mr Stanley, is 50% psychology : What we need, apparently, is not statesman but hypnotists, not scientists, but witchdoctors, not confidence bor…