by Mark A. Monoscalco “I, Pencil” is an incredible essay written by Leonard E. Read that was first published in 1958. Milton Friedman said this about “I, Pencil”: “I know of no other piece of literature that so succinctly, persuasively, and effectively illustrates the meaning of both Adam Smith’s invisible hand—the possibility of cooperation without coercion—and Friedrich Hayek’s emphasis on the...

by Danny De Gracia II During last night’s mayoral debate, former Honolulu managing director Kirk Caldwell sarcastically asked retired Governor Ben Cayetano whether or not he would ask President Kennedy what his backup plan was in response to his challenge to go to the Moon. I think it’s worth reminding the former managing director of a few things: Funny Caldwell should mention going to the Moon, because the cost of a single Saturn V...

In preparation for our upcoming Milton Friedman dinner, we will be highlighting a number of videos illustrating the views of the illustrious Friedman himself. The fourth of these videos is on the topic of the redistribution of wealth. Check it out! Friedman on Redistribution of Wealth

by Mark A. Monoscalco The Ludwig von Mises Institute recently published an article written by Henry Hazlitt.  This is a brilliant article and the most amazing aspect is that it was written in 1956.  The complete article is at this link: The Road to Totalitarianism This was Henry Hazlitt’s view of the road to totalitarianism in 1956.  What would his opinion be of our journey down this road today? The following are some of the...

by Panos Prevedouros Professor James Lovelock is a world-renowned scientist and environmentalist who had a major impact on the development of global warming theory. As the Toronto Sun describes him: Unlike many “environmentalists,” who have degrees in political science, Lovelock, until his recent retirement at age 92, was a much-honored working scientist and academic. In recent interviews Lovelock has made these rather starling...