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    As Spain and Greece Burn, Estonia Offers a Lesson

    Over the past few days, new strikes and riots have convulsed Greece and Spain. Conventional wisdom (including from economist Paul Krugman) suggests that cuts in government spending—often described as “austerity”—are a primary cause of the economic downturn in these nations and across much of Europe. This “demand deficiency” hypothesis leads … More

    Over 2,400 Tea Partiers Arrested

    The liberal perspective on the “Occupy” movement is really something spectacular. Before the movement had really even announced a position or set of “demands,” progressives were pushing each other out of the way to embrace it. When they did finally come up with a set of ideals, which mostly involve … More

    Losing Economic Freedom: U.K. Riots and the Moral Hazard of Dependency

    People have been shocked by the images of destruction and violence coming out of Great Britain in the past few days. But if they tracked the steady loss of freedom and the simultaneous rise in the number of Britons dependent on the largesse of the state over the past few … More