Richard Ebeling,, BB&T Free Enterprise Profesor at The Citadel; former president of Foundation for Economic Education. Interests: Free Markets, Austrian Econ
"Over time, words sometimes change their meanings or connotations. Think of the words naughty and nice. Apparently, naughty originally meant to have or be nothing (naught or zero), but then it took on the extra sense of something being worth nothing, until finally a person who was considered worth nothing became a bad individual, or at least someone who is mischievous — as in, what a “naughty boy,” with an accompanying wink.
"On the other hand, a nice person, it seems, early on meant someone who was ignorant, but then took on the added meanings of being a silly or foolish person. By the 1700s, it had its more current meanings of an agreeable or pleasant person. Though it can be used sarcastically — for instance, with the phrase “Oh, yeah, that’s ‘real nice’” meaning something said or done that is rude, disrespectful, or nasty toward another.
"The same thing has happened with the word LIBERALISM. Friends and foes have changed its meaning several times over the last couple of centuries, and in the eyes of some its content and connotation have been transformed beyond recognition." — @RMEbeling
Richard Ebeling (ex-president @FEEonline):
“I always found Hayek cheerful, open, and delighted to share his time with a pesky young man imposing himself on his time and patience.”
“He often was self-deprecating in his reminiscences about his conflicts and debates with Keynes or others. He would sometimes say, ‘Well, during one of my other famous defeats... ’”
“We spent a delightful morning in long conversation, after which he insisted upon taking me to lunch. While we were eating, I commented that it seemed that since winning the Nobel Prize in 1974 he had suddenly started publishing a good deal more, especially on economic and monetary-policy issues.”
“Hayek replied, ‘Well, I tried old age and I did not like it, so I decided to come back.’”
In August 1940, Austrian economist, Ludwig von Mises, arrived in America from war torn Europe. One of the tragedies of war: if not for Mises’s coming to the U.S. there may not have been a postwar Austrian School in America.
fff.org/explore-freedom/arti…
This week marks the 50th anniversary of the Second Austrian Economics conference in June 1975, held at the University of Hartford in CT. A great event with F.A. Hayek, Israel Kirzner, Murray Rothbard, W.H. Hutt, Leland Yeager, Gerald O’Driscoll, Roger Garrison, and others.
21 states and 48 counties and cities have raised minimum wages as high as $20 per hr. In 2025. Minimum wage laws are disastrous for unskilled workers and minority groups, pricing the low valued out of the labor market and reduced opportunities.
fff.org/explore-freedom/arti…
80 years this past February, in 1945, FDR and Stalin, along with Churchill, met in Yalta to decide the fate of the postwar world. Its legacy still remains with us, and highlights the dangerous hubris when those in political power plan people’s lives. capitalismmagazine.com/2020/…
Donald Trump has threatened to take back the Panama Canal Zone. What is forgotten is that Panama, itself, is the artificial result of American Imperialism under Teddy Roosevelt. Here is the history behind it:
fff.org/explore-freedom/arti…
Trump’s anti-immigration stance runs counter to America’s long history as a nation of immigrants. I summarize a typical conversation I’ve had with conservatives in which I argue for the freedom to move, long a classical liberal idea and ideal:
fff.org/explore-freedom/arti…
Mick Jagger in Wayne's World youtu.be/ECNQ3LDVmMQ?si=CuxJ… via @YouTube
If you’ve not seen this interview with Mick Jagger of The Rolling Stones, go to about 2:20 minutes, where he says he views himself as a disciple of Friedrich Hayek and prefers to rely on free markets.
I have a new essay on Liberty Matters: “My Journey to South Royalton and Conference Social Life.”
Sex on a Greyhound bus, arriving in South Royalton was like entering Rod Serling’s “The Twilight Zone,” and late evenings with Murray Rothbard.
oll.libertyfund.org/publicat…
Given the latest violent breakdown of law and order in Haiti, this piece of mine written at the time of a massive earthquake there, is still, I think, relevant in offering an agenda for real free market reform for Haiti’s future prosperity and peace. defenseofcapitalism.blogspot…
I recently contributed an essay to volume of libertarian autobiographies. I explain how I became an Austrian Economist and classical liberal, And how I met along the way: Ayn Rand, Hayek, Kirzner, Rothbard, and Lachmann, and others who influenced me. researchgate.net/publication…
This March, 2024, marks the 80th anniversary of the publication of F.A. Hayek’s, “ The Road to Serfdom,” in 1944. In this new article of mine, I explain the importance and continuing relevance of Hayek’s critique of socialism and government planning.
fff.org/explore-freedom/arti…
In a world of wars and threaten war, I discuss the dangers from the pursuit of empire by Russia, China, and the United States, and its costs,especially, for America from its foreign interventionist policies.
fff.org/explore-freedom/arti…
100 years ago, Albert Jay Nock explained “Doing the Right Thing” and why do so only flourishes in the free society. I argue that Nock’s arguments are just as true today. fff.org/explore-freedom/arti…
80 years ago, in January 1944, FDR delivered his State of the Union address calling for a reorganized America for Total War against the Axis, and a postwar "Economic Bill of Rights." I explain why this proposal was bad then, and is a bad idea today.
fff.org/explore-freedom/arti…
Nov. 9 marked the anniversary the Berlin Wall come down in 1989, after its construction in 1961. This is a piece I wrote on its history and the people who succeeded or who died trying to get over, under or through the wall.
heartland.org/opinion/the-be…
In the face of the new and terrible fighting between Hamas and Israel, and with whatever may still develop, I thought I would share this article of mine from 2021 on a potential classical liberal solution to the Israeli-Palestinian conflict. aier.org/article/free-market…
Today, May 8th, is Friedrich A. Hayek’s birthday. Born in 1899, he died in 1992. He helped us to understand freedom and the wrong path taken.
Is America Still on F. A. Hayek’s “Road to Serfdom”? – The Future of Freedom Foundation fff.org/explore-freedom/arti… via @FutureofFreedom