John H. Fund from The Wall Street Journal on the “good thing” that is the freedom to choose:
Scores of books have been written on the role of communists and socialists in the U.S., dour chronicles of welcome failure. But very few writers have devoted much attention to the role of libertarians, a more appealing and optimistic group of thinkers, political activists and ordinary citizens who believe that respect for the individual and the spontaneous order of market forces are the key to progress and social well-being.
The neglect is strange, given how much libertarians and their limited-government logic have shaped the culture and economy of the U.S. The ideas of John Locke and David Hume animated the writings of Thomas Jefferson and Thomas Paine. Libertarian principles kept what we think of as “big government” in check for much of the 19th century and well into the 20th, despite tariffs and war. The federal income tax officially arrived, in permanent form, as late as 1913. Coolidge and his Treasury secretary, Andrew Mellon, took a famously minimalist approach to governing. Of course, we now live in a post-FDR age, with government programs everywhere. Still, the libertarian impulse is part of our political culture. “I believe the very heart and soul of conservatism is libertarianism,” Ronald Reagan declared.
…With “Radicals for Capitalism,” Brian Doherty finally gives libertarianism its due. He tracks the movement’s progress over the past century by focusing on five of its key leaders–Ludwig von Mises, F.A. Hayek, Ayn Rand, Murray Rothbard and Milton Friedman.