Welcome to the Frankfurtian World

– July 22, 2020

“Wherever one turns, the political discourse seems entirely uninterested in the Enlightenment project – the values of 17th and 18th century philosophers imploring us to use reason to approach scientific truth and an intelligent and civil society.” ~ Joakim Book

female business executive

The Epistemic Value of Putting One’s Money Where One’s Mouth Is

– July 21, 2020

“Assertions such as that women as a group are underpaid – should be dismissed out of hand if (as is almost always the case) those who do the asserting refuse to risk their own time and resources on undertaking private-sector activities that would make these individuals rich as they simultaneously correct the alleged failures. If these individuals aren’t getting rich by acting with their own money on what they assert to be true, then they ain’t so smart after all.” ~ Donald J. Boudreaux


Fear, Tyranny, and the Fairy Tale of Our Times

– July 21, 2020

“Reflecting the national divisions that have only escalated since its release, it illustrates how false stories spread to infect hearts and minds as fatally as a virus. The solution is to reject these fictions and judge for ourselves. As Conall tells Maleficent, ‘I’ve made my choice. Now make yours.'” ~ Caroline Breashears

modern city

Is ‘Capitalism’ Modern?

– July 20, 2020

“Capitalism in this account is not truly modern, inasmuch as something we can describe with that word has existed repeatedly in history. It has usually come to a bad end, because of the way private wealth and fear of losing it has interacted with predatory power, but in the modern world we have avoided that. Only so far however, which is why we must be constantly in campaign mode to keep the show on the road.” ~ Stephen Davies


Individualism and Public Health: Tensions and Challenges

– July 19, 2020

“The aim should be to strictly fence off and limit the scope of coercive public health as both an ideal and a practice. We should think of it as something like a nuclear reactor core – useful, even essential but something that needs to be tightly contained. This is the kind of project and activity that individualists and classical liberals should be engaged in.” ~ Stephen Davies

leftover food

Who Owns Leftover and Abandoned Bar Food?

– July 17, 2020

“Figuring out the exact property rights isn’t worth the hassle: it’s too little and too rare to care about enforcing whatever legal right might be applicable in various jurisdictions. In practice, the ownership of leftover food is up to the social norms in the country you’re in, or even the attitude of the staff at the particular establishment you’re visiting – an informal institution, guided by vague and constantly negotiated social interactions.” ~ Joakim Book

movie theater

Do We Really Need More Movie Sequels? If the Market Says So, Then Yes We Do

– July 16, 2020

“Studios make sequels because they expect them to be profitable. This is a good thing, though, because they are working to make Mickey and Minnie Moviegoer better off as Mickey and Minnie choose to define it according to their own preferences, values, goals, and opportunities.” ~ Art Carden

path, mountains

A Keynesian Path Would Be the Wrong Path for the U.S. Economy

– July 15, 2020

“Following a crisis, countries with higher levels of economic freedom–that is, with institutions closer to those proposed by Hayek than Keynes–suffered smaller economic contractions and faster recoveries. Keynesian ideas have dominated the political worldview for decades. But we would be better off following Hayek.” ~ Nicolás Cachanosky


How Much Should You Sell Your Vote For This November?

– July 15, 2020

“All that can be said for certain is that in most states it is now quite possible to do so and that the masked stranger does not even have to work for a political party or candidate. In fact, vote buying solves problems for donors by ensuring maximum effect for each dollar spent and by sidestepping campaign finance laws.” ~ Robert E. Wright

hands, tree

On Externalities and Noise

– July 15, 2020

“There is no world where trade-offs don’t apply, where we can have all the nice things we want without anybody, anywhere, getting upset. Externalities are everywhere, but if we want to live prosperous lives, some part of those lives will be impacted by others. Get over it.” ~ Joakim Book


Who Is Making Decisions about Our Lives

– July 13, 2020

“What reason is there to trust that These People who never look past the next election – and who always ignore consequences that are difficult to see if these consequences are spread over large numbers of individuals – are making a prudently considered trade-off between the lockdown’s costs and its benefits?” ~ Donald J. Boudreaux

amazon delivery packages

Extend the Market, As Far as Possible

– July 11, 2020

“Private enterprise and private governance pushed along by people seeking little more than their own advantages work remarkably well. If you want more evidence, look no further than the package on your doorstep.” ~ Art Carden