In 1989, the economist John Williamson introduced the phrase “Washington Consensus” to the politico-economic lexicon. It was shorthand for a set of interrelated policies that, taken together, would free trade within states and between them while boosting overall...
In case you missed it, France entered into a pseudo-civil war this past weekend. Rioters took to the streets, destroyed billions of dollars in local property, violent criminals pulled out their illegal guns, and there was nothing the average disarmed Frenchman could...
When I first learned the basics of libertarianism and Austrian economic theory, I knew that these provided a more practical, moral, and satisfactory answer to major political and economic questions than any other ideology. For example, the premise of profitability in...
As a follow-up to my recent article about F. A. Hayek's classic article "The Use of Knowledge in Society" (1945), I thought it worth extending Hayek's exploration of this area of social theory. In 1968 the Nobel laureate-economist delivered a lecture in German known...
When you shop online, vendors usually give you a bunch of different ways to sort your options. Take Amazon: One popular sorting option – especially for customers with low income – is “Price: Low to High.” You’ve probably used it yourself many times. This...
Here’s an odd thought for a libertarian: The government very rarely tells me to do anything. Once per year, the IRS orders me to pay federal income taxes. Once per year, the state of Virginia forces me to pay state income taxes and get my car inspected. Once per...
I know Romanian corruption. When I was exiting the country after investigating its collapsing economy in 1987, I made sure to bribe every guard who searched my luggage at the Bucharest airport with a pack of Kent cigarettes. But I neglected to give a pack to the...
A young college woman is raped by a man. No justice is found because the rapist is an otherwise “promising young man” with a future ahead of him. His victim is merely a blip on his sterling professional conduct. Those who witnessed or were aware of the rape pretend as...
