When discussion turns to how to make government "better," however any particular person would conceive that condition, libertarians understand that we are in the fraught world of second-bests. In other words, because of the nature of the state, no solution that merely...
If there is anything Wall Street banks crave is relief. Primarily relief from the potential for failure and, next, relief from holding much, if any, equity capital. These banks like their capital tiny and their profits huge. Losses should be socialized. After all, we...
Last week I modestly attempted to show that no injustice takes place when A sells B the opportunity to pitch its product to C. This is the principle behind print, television, and radio advertising, and it is no different in the era of social networks like Facebook. In...
Nate the Voluntaryist and I talked about free markets and capitalism on his podcast. Listen here.
Let's start with what is not wrong with the welfare state. Much criticism of the welfare state focuses on how it encourages dependence not only on the government, but dependence on others per se. In some circles the wish for a social safety net is disparaged as a...
If you had set out to construct a foreign policy designed to impose indescribable suffering on millions of innocent people around the world, you'd have a tough time coming up with anything more systematic and effective than U.S. foreign policy. An inventory of U.S....
In the wake of February’s tragic power outages in Texas, during which 4.5 million households suffered service interruptions, partisans on both sides have been quick to interpret the events as confirmation of their preferred energy policies. With news images of...
Amid the controversy over GameStop, many cynics argued that something sinister was clearly afoot because the hedge funds had shorted 138 percent of the outstanding shares. In this article I’ll review that particular claim, as well as another seemingly dubious...
