Laws against so-called price gouging -- that is, price spikes during emergencies -- violate our natural right to engage in voluntary exchange at mutually acceptable terms. As economics has long taught, price ceilings that defy market forces make the affected goods...
Economics
Greater Idaho Movement Is the Latest Indicator of a Shift toward Decentralization
Recently disgruntled residents of rural counties in southwest Oregon have been organizing a petition to move Idaho’s border westward to form a “Greater Idaho” that could also potentially include parts of Northern California. This petition...
John Rawls, A Theory of Justice – REBUTTED
https://www.youtube.com/watch?v=6fHTrwE7CeA To summarize Rawls- "So much of life is the result of circumstance that no person can be entitled to what they "earn", therefore one group of people called government has the monopoly right to initiate violence against...
The Fed Panicked, and Its Rate Cut Is Making the Economy Worse
The Federal Reserve's monumental mistake of cutting rates this past week can only be understood in the context of the rising God complex among central planners: an overwhelming combination of ignorance and arrogance. Less than a week ago, several members of the...
TGIF: Democracy Can’t Fix Socialism
However you feel about democracy, it can’t fix what’s wrong with socialism. In theory, modern representative democracy -- unlike ancient Greek direct democracy -- means that people vote for so-called representatives to fill various executive and legislative...
Hey, Jay, Enough Of Your Stinkin’ Easy Money!
It doesn’t get any more pathetic than this. The Fed cuts the absurdly low money market rate by another 50 basis points at 10AM and before noon the Donald is banging the podium for more. So if you ever needed a final warning to get out of the casino, today’s...
Dr Jekyll and Mr Hyde: Which Hamilton Are You Talking About?
We often hear people referred to as “Hamiltonians.” But that term always makes me wonder, which Hamilton do you mean? I recently had the opportunity to speak to a class at the West Virginia University School of Law. The subject was the constitutionality of federal...
End the Fed
In response to the potential economic downturn in the economy arising from the spread of the Coronavirus, the Federal Reserve dropped the federal funds rate by half a point — to a range of 1% to 1.25%. Ironically, after the Fed’s announcement, the stock market dropped...
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