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Fifty Cents Worth of Justice is better than millions of dollars spent by the California justice system. Fifty cents is all it would have cost to have saved the life of a little girl. Fifty cents. And not fifty cents per day, like they tell you on those commercials for saving some little kid in Somalia...
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I certainly agree with all who were against the bank bailout, as the banks work hand in hand with the Fed to create inflation and rob us of our money, but the auto industry is not in the same boat as the banking industry. In practice I am in favor of a Federal bailout of the American Auto industry though...
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So I've been thinking a little about Hayek's point that there's nothing about an overall state of affairs which arises from the decentralized actions of individuals in a market economy which could coherently be an "injustice." As I had said, I agree with Hayek, and I've been...
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Here's another cool Hayek quote, from chapter 5 of his New Studies in Philosophy, Politics, Economics and the History of Ideas , entitled "The Atavism of Social Justice": "...there can be no distributive justice where no one distributes. Justice has meaning only as a rule of human...
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Update at the bottom of the post Here's an interesting quote from Hayek's essay, "The Results of Human Action but not of Human Design," from his book, Studies in Philosophy, Politics and Economics : "...the natural law concept against which modern jurisprudence reacted was the...
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So here's the idea: there are at least three different ways that libertarians generally think of coercive force, and I think they've been harmed by treating them as if they were essentially the same sort of thing. The first kind of coercive "force" is the use of someone else's property...
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So here's the basic idea: It seems like there's a difference between coming to someone's aid when they're asking you to, and coming to someone's aid when you determine on your own that they're being treated wrongly. This difference, I think, is extremely important, and might open...
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I was reading Roderick Long's article, " Land-Locked: A Critique of Carson on Property Rights ," and came across an argument that left me somewhat skeptical. I've recently become convinced that appropriation needs to be justified on the grounds of being a desirable "game,"...
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[Cross-posted on the parent blog ] So I've been addressing the issue of anthropogenic climate change for some time now, and I haven't said much in the way of addressing specific policy proposals. But I was just given a delightful present by one of my fellow FEE associates: a copy of the American...
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[Cross-posted...a while ago...on the parent blog ] So today was my first day at the Foundation for Economic Education, where I'll be interning over the summer, and I've already had some excellent debates; this is going to be a fantastic experience. Everyone seems really passionate and interesting...
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[Cross-posted...a while ago...on the parent blog ] So I stumbled upon a really jarring debate today. I'm sort of puzzled that I haven't already heard of this issue, and am suspicious that someone might just be able to explain to me why there isn't any problem, and I'm just confused. But...
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[Cross-posted on the parent blog ] The conclusion that we cannot infringe upon future people’s right by causing climate change may not appeal to individuals who see injustice in the fact that by causing climate change, the world we leave behind for future people could be substantially less hospitable...
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[Cross-posted on the parent blog ] To this point, we have identified rights-infringements as occurring where climate change causes the climate system to become more dangerous. It might seem, then, that wherever the impacts of a more dangerous climate system are felt, rights will be infringed, into perpetuity...
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Jared Diamond has an interesting essay at the current issue of New Yorker, " Vengeance Is Ours ", that is worth considering. In the essay, Diamond not only describes the moral and political economy of cycles of personal and inter-tribal vengeance in one of the relatively stateless area of the...
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[Cross-posted on the parent blog ] The Right to an Opportunity for Cultural Integration Focusing only on property damage caused by climate change, it may be noted, seems to leave out a large part of the picture of why people are concerned about climate change. In addition to the impacts discussed so...