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Category Archives: Austrian School
Stock market near all time high…so is money supply
(Freakonomics) U.S. stock markets* are flirting with all-time highs (it may happen today) but I am hearing and reading very little about it. Why is that? I can think of a few possible reasons, and am eager to hear yours. … Continue reading
2007-08 Crisis, Austrian School, Budget Deficit, Bureaucracy, Capitalism, Competition, Complexity, Currency, Current Events, Economic Policy, Economic Theory, Free Market, Frontier Thesis, Game Theory, Inflation, Interdependency, Motivation, National Debt, Taxes, Wealth, Welfare Statism, Zero-sum
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Freedom free fall
(Cato) Global economic freedom bounced back slightly in this year’s report. After falling for two consecutive years following a long trend of increases, the average score rose from 6.79 in 2009 to 6.83 in 2010, the most recent year for … Continue reading
American exceptionalism pronounced at Republican National Convention
Transcript: When the Supreme Court upheld Obamacare, the first words out of my mouth were: I still think it is unconstitutional! The leftwing blogs were merciless. Even my wife said — can’t you pleeeease count to ten before you speak? … Continue reading
2007-08 Crisis, Austrian School, Autarchy, Budget Deficit, Bureaucracy, Capitalism, Closed System, Competition, Complexity, Culture Divide, Currency, Current Events, Debt Ceiling, Federal Budget, Free Market, Inspiration, Interdependency, Motivation, National Debt, Political Theory, Polycentrism, Self-Government, Self-Rule, Solutions, Systems Theory, Taxes, Trade, Wealth, Welfare Statism
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Downsizing the Federal Government
(Cato) The federal government is running massive budget deficits, spending too much, and heading toward a financial crisis. Without a change of direction in Washington, average working families will be faced with huge tax increases and a lower standard of … Continue reading
Austrian School, Autarchy, Bureaucracy, Closed System, Competition, Complexity, Economic Policy, Economic Theory, Federal Budget, Free Market, Good Reads, Inspiration, Interdependency, Keynesianism, Legal Theory, Marxism, Motivation, National Debt, Political Theory, Polycentrism, Resources, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Simplicity, Solutions, Systems Theory, Wealth, Welfare Statism
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Are we advancing technologically? Economically?
PETER THIEL: But I think that when you look at this question of how much technological progress has been happening, we get into all these complicated measurement issues. The one that I cite as the big data point is that … Continue reading
Austrian School, Autarchy, Bureaucracy, Capitalism, Closed System, Competition, Complexity, Consumerism, Culture Divide, Currency, Current Events, Division of Labor, Economic Policy, Economic Theory, Education, Euro Crisis, Free Land, Free Market, Frontier Thesis, Game Theory, Inflation, Inspiration, Interdependency, Keynesianism, Legal Theory, Marxism, Motivation, National Debt, Perpetuity, Political Theory, Polycentrism, Poverty, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Solutions, Specialism, Systems Theory, Technology, Trade, Wealth, Welfare Statism, Zero-sum
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Man’s imperfection and government
There is current in modern political science that sees the concept of perfection as central to social structures. The idea is that man is imperfect and is incapable of perfecting his nature. As such, any attempt at perfection is necessarily … Continue reading
Austrian School, Autarchy, Bureaucracy, Closed System, Competition, Complexity, Culture Divide, Free Market, George Mason School, Interdependency, Keynesianism, Legal Theory, Perpetuity, Political Theory, Polycentrism, Public Choice Theory, Self-Government, Self-Rule, Systems Theory, Welfare Statism
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Are law and order possible without government?
Part One of a series of films exploring a society where there is law and order, but no government. This part introduces the definitions of law and government, illustrating the concepts using a simple desert-island scenario.
Austrian School, Autarchy, Capitalism, Closed System, Competition, Complexity, Free Land, Free Market, Frontier Thesis, Game Theory, Inspiration, Interdependency, Legal Theory, Political Theory, Polycentrism, Public Choice Theory, Self-Government, Self-Rule, Solutions, Specialism, Systems Theory, Trade, Welfare Statism
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Government-first health care a risk to well-being
(Reason) For the past several years, the medical profession has been undergoing a disturbing transformation. The process was begun by the Centers for Medicare and Medicaid Services (CMS) in an effort to control exploding Medicare costs, and was accelerated by … Continue reading
IRS to institute licensing for tax preparation?
For more visit http://www.ij.org/IRS Congress never gave the IRS the authority to license tax preparers, and the IRS can’t give itself that power. But last year the IRS imposed a sweeping new licensing scheme that forces tax preparers to get … Continue reading
Austrian School, Bureaucracy, Capitalism, Closed System, Competition, Complexity, Current Events, Economic Policy, Free Market, Interdependency, Keynesianism, Legal Theory, Marxism, Motivation, Perpetuity, Political Theory, Public Choice Theory, Specialism, Systems Theory, Taxes, Welfare Statism, Zero-sum
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Can ocean cities revolutionize politics?
In the fourth part of the book, I explain how it is necessary to recreate the frontier in order to regain the politico-economic balance needed for free markets. There are many solutions which include a number of small and large-scale … Continue reading
Austrian School, Autarchy, Capitalism, Closed System, Competition, Complexity, Economic Theory, Free Land, Free Market, Frontier Thesis, Inspiration, Interdependency, Political Theory, Polycentrism, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Solutions, Trade, Zero-sum
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Should contraception be a right?
Anyone following the latest on Obama’s healthcare mandate will surely have heard of Sandra Fluke, a Georgetown University law student, who told House Democrats why she supports the contraceptive mandate. The best commentary I’ve heard on the issue can be found … Continue reading
Feds shut down Amish farm for selling fresh milk
(Washington Times) The FDA won its two-year fight to shut down an Amish farmer who was selling fresh raw milk to eager consumers in the Washington, D.C., region after a judge this month banned Daniel Allgyer from selling his milk … Continue reading
Austrian School, Bureaucracy, Closed System, Competition, Current Events, Division of Labor, Ecology, Free Land, Free Market, Frontier Thesis, Motivation, Perpetuity, Political Theory, Polycentrism, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Simplicity, Specialism, Systems Theory
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The parasite economy
From a recent Heritage release: This annual study by The Heritage Foundation analyzes federal assistance programs for everything from housing, health care, and food stamps to college tuition and retirement assistance. And there are some alarming numbers indeed. An estimated … Continue reading
I do not ask that you place hands upon the tyrant to topple him over, but simply that you support him no longer; then you will behold him, like a great Colossus whose pedestal has been pulled away, fall of his own weight and break in pieces.
Étienne de La Boétie. Reminds one of the solutions put forth in the book.
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton.
Is the government an agreement between the people, or is it a coercive force that dictates what the people do?
This question is at the heart of the great debate: Is the government an agreement between the people, or is it a coercive force that dictates what the people do? In other words, is government simply common ground that everyone … Continue reading
Austrian School, Autarchy, Behavioral Economics, Closed System, Competition, Complexity, Culture Divide, Current Events, Free Market, Frontier Thesis, Game Theory, Interdependency, Keynesianism, Legal Theory, Motivation, Political Theory, Polycentrism, Public Choice Theory, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Systems Theory, Trade, Welfare Statism
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From Google to googolplex
“Right now the US visa immigration system does not allow for entrepreneurs [from overseas] to come here and test out their ideas and create the new jobs and create the new companies of tomorrow,” says Blueseed co-founder Max Marty, “its … Continue reading
Honduras’ Gultch here we come!
(Economist) Now, for the first time, libertarians have a real chance to implement their ideas. In addition to a big special development region, the Honduran government intends to approve two smaller zones. And two libertarian-leaning start-ups have already signed a … Continue reading
The end of the euro?–Tyler Cowen on the European crisis
(EconTalk) Tyler Cowen of George Mason University talks with EconTalk host Russ Roberts about the European crisis. Cowen argues that Greece is likely to default either in fact or in spirit but that the key question is which nations might … Continue reading
2007-08 Crisis, Austrian School, Closed System, Competition, Complexity, Current Events, Debt Ceiling, Economic Policy, Economic Theory, Federal Budget, Foreign Aid, George Mason School, Inflation, Interdependency, Keynesianism, Marxism, Motivation, National Debt, Perpetuity, Political Theory, Systems Theory, Wealth, Welfare Statism, Zero-sum
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Are the 1% really that different from the 99%?
The culture divide is probably best displayed by the anguish of protesters (in the Tea Party and in the Occupy Wall Street movements). For the most part, the protesters have in mind a single villain, well defined and obviously evil. … Continue reading