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LIBERTY

The Knowledge Bank

  • Do Libertarians Oppose Social Security?

    Do Libertarians Oppose Social Security?

    Yes, libertarians generally oppose social insurance, compulsory savings and government safety nets as tyrannical collectivism, though not all libertarians subscribe to that idea.Economist Friedrich Hayek supported a universal basic income...

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  • Do Libertarians Support Legalized Gambling?

    Do Libertarians Support Legalized Gambling?

    Yes, libertarians support legal gambling. The state should never hinder the business exchange between a casino or gaming establishment and an individual.While some oppose gambling on moral grounds (such as...

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  • Who is Thomas Sowell?

    Who is Thomas Sowell?

    Thomas Sowell is an American economist, author, essayist, social theorist, political analyst, scholar, and the Rose & Milton Friedman Senior Fellow at Stanford's Hoover Institution.Born on June 30th, 1930, to...

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  • What is Free Market Capitalism?

    What is Free Market Capitalism?

    Free market capitalism, or laissez-faire capitalism, is an economic system in which the price of goods and services is determined by a codependency (called supply and demand) between buyers and...

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