Politics
The “bottom 99%” aren’t losing to markets: they’re losing to the Cantillon effect.
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Those who use Catholic social teaching to defend socialism forget Pope Leo XIII’s Rerum Novarum, published in 1891, which strongly condemned socialism and defended...
What might be the process of a society moving from being unfree to being free? Here is one scenario.
The Shiller CAPE ratio has only been higher once in 150 years. The Buffett indicator is 2.5 standard deviations above trend. 40% of the...
With some simple logic and using Hobbes’s own presuppositions and arguments, we can internally critique Hobbes’s argument for the state, namely, that the state...
The “bottom 99%” aren’t losing to markets: they’re losing to the Cantillon effect.
The “bottom 99%” aren’t losing to markets: they’re losing to the Cantillon effect.
Contrary to what the Modern Monetary Theory advocates and their Chartalist allies are claiming, the 1690 colonial Massachusetts issuance of fiat money did not...
“77 percent of [Republicans] support the war, on average. But that’s exactly what we’d expect for almost any Trump policy.”
Is the state necessary? In this week’s Friday Philosophy, Dr. David Gordon follows Aeon J. Skoble’s argument that we can do without the state...
“Wright’s use of the word “unlikely” was a veiled concession that a spike to $200 was possible, though he repeated that the price jump...
In commemoration of Murray Rothbard’s 100th birthday, Bob shares five “greatest hits” from Rothbard’s economics, covering deficits vs. inflation, monopoly theory, excess capacity, the...
Growth in gross domestic product was down sharply from 4.4% in last year’s Q3 and 3.8% in Q2. The fourth-quarter number was half the...
When someone argues in favor of state control of economic processes, they are, by definition, presenting an argument based upon the ad baculum fallacy,...
The Duke Lacrosse Case would never have been a legal item had not the police and prosecutors of the case lied and broken the...