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The “Rich Get Richer” Myth

Some 94 percent of Americans who reach “top 1 percent” income status will enjoy it for only a single year. Approximately 99 percent will lose their “top 1 percent” status within a decade. Now consider the top 400 U.S. income-earners—a far more exclusive club than the...

A Response to My Memorial Day Critics

My article against Memorial Day drew a lot of ire and attention. This should not have been surprising; I was making a controversial statement. What did surprise me, however, was that many critics were self-described libertarians or former libertarians. There were many...

Ignoring Political Gossip & Sticking to Principle

https://youtu.be/ZwWHjYVY4tg In the private sector, firms must attract voluntary customers or they fail; and if they fail, investors lose their money, and managers and employees lose their jobs. The possibility of failure, therefore, is a powerful incentive to find...

The Myth of “Hyper-Rugged-Isolationist-Individualism”

Myth #1: Libertarians believe that each individual is an isolated, hermetically sealed atom, acting in a vacuum without influencing each other.   This is a common charge, but a highly puzzling one. In a lifetime of reading libertarian and classical-liberal...

The Lesson From Germany and Korea

Institutions are, of course, in some sense the products of culture. But, because they formalize a set of norms, institutions are often the things that keep a culture honest, determining how far it is conducive to good behaviour rather than bad. To illustrate the...

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