What is classical liberalism? Although associated with laissez-faire economics and skepticism towards government-run welfare programs, that is not the historic classical liberalism of Benjamin Constant and Frederic Bastiat. True, classical liberals believe in the free-market economy, disdain central banking, wish to limit taxes and governmental regulations, and advocate for peace and free trade over imperialism and tariffs, but that is not what classical liberalism is. … More What is Classical Liberalism?