Lawrence W. Reed

How Montana Is Revolutionizing Healthcare—With Markets

I love Montana for reasons that draw me to the state at least once a year: friends, mountains, wildlife, dry…

5 years ago

Meet the Only US President Born on the 4th of July

Of America’s 46 presidents, only one shares a birthday with the country itself—and he was a mighty fine one at…

5 years ago

Lessons from Livy on How Great Civilizations Rise and Fall

Two thousand years ago, an eminent Roman historian coined the popular aphorism, “Better late than never.” His name was Titus…

5 years ago

The Compact That Preceded the Magna Carta

On this date—June 15—in the year 1215, English nobles compelled King John to affix his seal to a remarkable document,…

5 years ago

The Dark Side of Paradise: A Brief History of America’s Utopian Experiments in Communal Living

This is an article about a famous utopian community that flopped. But for context, let me first relate a story…

5 years ago

How Henry VIII Debauched English Money to Feed His Lavish Lifestyle

Once there was a king who was only twelve inches tall. As the story goes, he was a lousy king…

5 years ago

I Was a Smuggler—and Make No Apologies For It

Are you in favor of smuggling or are you against it? Think carefully before you answer with a categorical “yes”…

5 years ago

What Makes Biden and Yellen’s “Global Minimum Tax” Push So Hypocritical

Imagine if oil companies got together and agreed to charge consumers no less than $3.50 per gallon for gas. Let’s…

5 years ago

George Schuyler: Journalist, Individualist, and Courageous Contrarian

Historian John Henrick Clarke said of him, “I used to tell people that George got up in the morning, waited…

5 years ago

Why Edith Hamilton Feared the Decline of Individualism More Than Atomic Bombs

“People hate being made to think,” the educator and classical scholar Edith Hamilton (1867-1963) once said. Laziness of mind is…

5 years ago

Repeating the New Deal’s Old Mistakes

Editor’s Note: This article was written for the Instytut Misesa in Poland and published in Polish on May 7, 2021.…

5 years ago

F.A. Hayek on ‘the Supreme Rule’ That Separates Collectivism From Individualism

Born in Vienna on this date (May 8) in 1899, Austrian economist and political philosopher Friedrich August von Hayek lived…

5 years ago

Two Historic Business Flops by Legendary Entrepreneurs Reveal a Poignant Truth About Failure

In this essay, I want to tell readers about two of the last century’s big and fascinating business failures. But…

5 years ago

A May Day Lesson: The Real Reason Wages Rise

The communist leaders of the thankfully extinct Soviet Empire loved May Day. The first day of the fifth month featured…

5 years ago

Historic Figures Who Recognized That Speech Is Freedom’s First Line of Defense

In a March 21, 2021 column (One of the Most Significant Defenses of Free Speech in American History), Boston Globe…

5 years ago