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February 17, 2016|Banking Crisis, Deutsche Bank, Euro, Financial Crisis of 2007-2009, Greek Debt, Wolfgang Schauble

Make Banks Bear the Moral Hazard, but Not Yet

by Theodore Dalrymple|

We all laugh at horoscopes and the people who read them, but I am not sure the financial pages of our newspapers (or the people who read them) are much better. Had I, for example, never read a single article in them, not only would I have been none the poorer, but I suspect I would have been none the less wise (or foolish).

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October 8, 2012|After the Welfare State, Fraternal societies, Greek Debt, Immigration, Italian welfare state, U.S. Public Debt, Welfare State

What Comes After the Welfare State?

by David Conway|

‘Young people today are being robbed…[o]f their rights… freedom… dignity… [and] futures…[by] the world-straddling engine of theft, degradation, manipulation, and social control we call the welfare state.’

So Tom Palmer begins the editorial introduction to his anthology,  After the Welfare State: Politicians Stole Your Future… You Can Get It Back…, on the welfare state and its alternatives. Along with this introduction, Palmer contributes three of the volume’s nine contributions.

As is apparent from his opening statement, Palmer has a very low opinion of the welfare state. He considers it responsible for the economic and financial turmoil in which  much of the world currently finds itself. In the next sentence to the one just quoted, he continues:

‘The welfare state is responsible for two current crises: the financial crisis that has slowed down or even reversed growth and stalled economies around the world, and the debt crisis that is gripping Europe, the United States, and other countries.’

A main theme of the anthology is that the current welfare spending by western liberal democracies is no longer sustainable, especially that on health care and pensions.

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Book Reviews

A Mirror of the 20th-Century Congress

by Joseph Postell

Wright undermined the very basis of his local popularity—the decentralized nature of the House—by supporting reforms that gave power to the party leaders.

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The Graces of Flannery O'Connor

by Henry T. Edmondson III

O'Connor's correspondence is a goldmine of piercing insight and startling reflections on everything from literature to philosophy to raising peacocks.

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Liberty Classics

Rereading Politica in the Post-Liberal Moment

by Glenn A. Moots

Althusius offers a rich constitutionalism that empowers persons to thrive alongside one another in deliberate communities.

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James Fenimore Cooper and the American Experiment

by Melissa Matthes

In The American Democrat, James Fenimore Cooper defended democracy against both mob rule and majority tyranny.

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Podcasts

Stuck With Decadence

A discussion with Ross Douthat

Ross Douthat discusses with Richard Reinsch his new book The Decadent Society.

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Can the Postmodern Natural Law Remedy Our Failing Humanism?

A discussion with Graham McAleer

Graham McAleer discusses how postmodern natural law can help us think more coherently about human beings and our actions.

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Did the Civil Rights Constitution Distort American Politics?

A discussion with Christopher Caldwell

Christopher Caldwell discusses his new book, The Age of Entitlement.

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America, Land of Deformed Institutions

A discussion with Yuval Levin

Yuval Levin pinpoints that American alienation and anger emerges from our weak political, social, and religious institutions.

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About

Law & Liberty’s focus is on the classical liberal tradition of law and political thought and how it shapes a society of free and responsible persons. This site brings together serious debate, commentary, essays, book reviews, interviews, and educational material in a commitment to the first principles of law in a free society. Law & Liberty considers a range of foundational and contemporary legal issues, legal philosophy, and pedagogy.

The opinions expressed on Law & Liberty are solely those of the contributors to the site and do not reflect the opinions of Liberty Fund.
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