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Lawrence W. Reed

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The Man Who Purchased an Empire →

August 11, 2021

The notorious “Auction of the Empire” reveals what eventually happens when a civilization succumbs to concentrated power and corruption.

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← What is Hyperinflation? Ask VenezuelansThis is "Civilization"? →

Recent “Best of Web”

Featured
AOC Goes on "The Price is Right"
Oct 9, 2024
AOC Goes on "The Price is Right"
Oct 9, 2024

Everything is FREE (except under capitalism).

Oct 9, 2024
Biden Cheats Impeachment, But Not on the Merits
Aug 22, 2024
Biden Cheats Impeachment, But Not on the Merits
Aug 22, 2024

Writes Miranda Devine, "It’s hard to find a clearer-cut case for impeachment than selling access to the White House to foreigners, including the Chinese Communist Party, for tens of millions of dollars."

Aug 22, 2024
Sad: Black People Turned Away In Droves As Democrats Require Photo ID To Enter Convention
Aug 21, 2024
Sad: Black People Turned Away In Droves As Democrats Require Photo ID To Enter Convention
Aug 21, 2024

Despite knowing that black people are not capable of obtaining photo IDs, Democrats inexplicably chose to require everyone in attendance to show identification, leaving thousands of black people unable to enter.

Aug 21, 2024

Recent Quotes

Featured
Best-Selling Japanese Novelist Eiji Yoshikawa on Do-Gooders
Mar 20, 2023
Best-Selling Japanese Novelist Eiji Yoshikawa on Do-Gooders
Mar 20, 2023

“There’s nothing more frightening than a half-baked do-gooder who knows nothing of the world but takes it upon himself to tell the world what’s good for it — from his book, Musashi.

Mar 20, 2023
Sowell on Solutions
Mar 17, 2023
Sowell on Solutions
Mar 17, 2023

"Many of today's problems are a result of yesterday's solutions."

Mar 17, 2023
Reed on Capitalism vs Socialism
Mar 21, 2021
Reed on Capitalism vs Socialism
Mar 21, 2021

“Capitalism is what happens when you leave peaceful people alone. Socialism is what happens when you don’t. Capitalism is spontaneous, natural order. Socialism is just some bully’s orders.”

Mar 21, 2021

Recent Blogs

Featured
Who Was Joe Overton of Overton Window Fame?
Nov 7, 2024
Who Was Joe Overton of Overton Window Fame?
Nov 7, 2024

While the Overton Window concept is valuable and appealing, the man behind it deserves to be remembered every bit as much.

Nov 7, 2024
Albert Gallatin and the Extraordinary Free Trade Convention of 1831
Oct 17, 2024
Albert Gallatin and the Extraordinary Free Trade Convention of 1831
Oct 17, 2024

With the outcome of the Free Trade Convention of 1831, Albert Gallatin cemented his record as one of early America’s most eloquent defenders of freedom of commerce.

Oct 17, 2024
Unleashing the Sun, a New, Free eBook from FEE on Japanese history
Oct 9, 2024
Unleashing the Sun, a New, Free eBook from FEE on Japanese history
Oct 9, 2024

With essays by Stephen Davies, Toshio Murata, Hiroshi Yoshida, Tyler Curtis and me.

Oct 9, 2024