As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way.
Time is no longer real. (Was it ever?) Christmas decor is back—which seems to happen in some stores before Halloween, naturally—and you may be bracing your ears to hear “Last Christmas” by Wham! on repeat, as the universe apparently decided long ago that that should be the eternal holiday soundtrack. (It’s a bop, if you ask me.) In any case, those festive changes also signal something else: It’s time to go shopping for some presents. First off, for […]
Tweet … is from page 124 of George Stigler‘s 1965 paper “The Economist and the State,” as this paper is reprinted as Chapter 11 of the 1982 collection of some of Stigler’s writings titled The Economist as Preacher and Other Essays (footnote deleted): James Mill’s oldest son, surprisingly enough, put up a stronger case against state control of economic life than his much more conservative father had. John Stuart did not follow his father in accepting the invariable […]
Common Law Liberalism: A New Theory of the Libertarian Society, by John Hasnas, Oxford University Press, 328 pages, $90 Arguments for libertarianism typically take two forms. Some libertarians base their creed on natural rights—the idea that each individual has an inborn right to self-ownership, or freedom from aggression, or whatever—and proceed to argue that only a libertarian political regime is compatible with those rights. Others take a consequentialist approach, claiming libertarianism is the best system because it produces […]
Relax everyone it’s just people talking. The competing “overrun” posts have similar upvotes. I spend too much time on this sub and I haven’t seen either group who really comes out on top. submitted by /u/here-for-information [link] [comments]
Chris Edwards My National Review op-ed today examines subsidies for wind power, solar power, lithium batteries, and electric vehicles (EVs). The 2022 Inflation Reduction Act (IRA) included about $1 trillion in subsidies for these and other ostensibly green technologies. Next year, the Republicans will aim to cut these subsidies to trim deficits and level the playing field in the energy industry. There is another reason why Republicans should reassess the IRA subsidies: the environmental damage that wind, solar, […]
The trumpies and mises caucus type people have gone to great lengths recently to employ yet another textbook leftist-style tactic of narrowing the range of discussion in a way which ensures that anyone opposed to their nonsense and abject failures of their political gambit must therefore be unpragmatic. Now, there are libertarians who purity test and eschew pragmatism in their strategy. But that’s a different debate. To the trumpies and conservatives LARPing here as ancaps- very few of […]
