borderwall

A Border Wall Will Worsen the Drug Problem

– December 11, 2018

The increased violence near the US borders is the result of the current drug prohibition and will likely inflame with further prohibitory measures. 

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farmersmarket

How Self Interest Builds Prosperity and Community

– December 10, 2018

Markets guided by prices daily lead each of us to share happily and abundantly with each other despite the reality that we are, to each other, mostly strangers. Familiarity, affection, and brotherly love are virtuous feelings but these feelings do not contribute as reliably to our material well being as does market exchange.

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scolding

The Political Economy of Virtue Signaling

– December 9, 2018

Since neither politician, activist, nor voter are held responsible for our actions when a policy goes wrong, blame (or praise for that matter) is also highly distributed. This distribution of blame then diminishes the responsibility of those who might plausibly be held most culpable for the bad consequences.

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sharingeconomy

All Markets are Sharing Economies

– December 3, 2018

Market prices weave consumers together with each other, and with producers, into a humane and peaceful community of sharers.

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arrogance

Humility Is Extremely Scarce in Politics

– November 30, 2018

The truth is that when you live, as I do, in Arlington ,Virginia , and work near Washington, D.C., you know all too well that humility is a very scarce commodity.  

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perfectcompetition

The Theory of Perfect Competition Is Wholly Misleading

– November 27, 2018

The theory of perfect competition should be utterly rejected, both as a theory of competition (which it is not) and as offering an appropriate standard against which to judge real-world markets (which it does not).

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stockmarketexplained

The Stock Exchange Demystified

– November 26, 2018

There is an indissoluble link between capitalism and the stock market. Over the long run, stocks will rise when capitalism flourishes and fall when the entrepreneurial spirit wilts. Therefore, a crash is not to blame on the stock market but on the erosion of capitalism that has preceded the collapse.

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pumpkins

I’m Thankful for Division of Labor

– November 24, 2018

The division of labor can be cultivated in a setting with no history of prosperity, and highly productive specialization can be fostered even in people who have no special knowledge or abilities at the outset.

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womansright

A Woman’s Right to a Free Market

– November 20, 2018

Women have come a long way. Isn’t it ironic, then, that women’s freedoms are today being constrained by misguided government policies enacted in the name of increasing that freedom? In other words, there are still battles yet to be won and disasters yet to prevent.

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federalreserve

Free Societies Don’t Need the Fed’s Managers

– November 18, 2018

The public discourse concerning the state of the financial system that once took place in trade associations and committees of concerned citizens has disappeared, replaced by a cold and sterile managerialism practiced by an insular and self-perpetuating macroeconomic elite.

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bohemian2

Bohemian Rhapsody Shows That Artists Should Care About Audiences

– November 16, 2018

The wonderful movie based on the life of Freddie Mercury and his band makes a great case that commerce can be and is the friend to art. It has always been so, but we are only now fully coming to terms with what this implies for the artistic endeavor generally.

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prometheus

Enterprise Should Be Permissionless

– November 16, 2018

If our entrepreneurial innovators had to get permission prior to introducing their innovations, we would still be walking around or perhaps at best riding on the backs of beasts.

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