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We Can Have Low Interest Rates Or Robust Growth. But Not Both.

Blog07/24/2021

You can have strong growth, or you can have negative interest rates with low bond yields. You can't have all at the same time. 

Salazar: The Dictator Who Refused to Die

Blog07/24/2021

"I doubt whether there is today in any democracy … personal liberty as well secured as it was then in Portugal.”

Spencer and Hayek’s Liberal Evolutionism, and Why It Should Omit the Nation-State

07/24/2021The Journal of Libertarian Studies

Evolutionary social theory can form part of a liberal theory of politics, but Hayek and Spencer's evolutionary arguments to explain the emergence of freedom in mass societies are deficient.

Democracy's Road to Tyranny

The popular pastime of modern democracies of punishing the diligent and thrifty, while rewarding the lazy, improvident, and unthrifty, is cultivated via the State, fulfilling a demo-egalitarian program based on a demo-totalitarian ideology.

Why "Public Goods" Don't Justify Taxation

07/23/2021Friday Philosophy

 According to customary analysis, public goods will not be supplied efficiently. But it does not follow that the good will not be supplied at all, or in a quantity insufficient to “do the job.”

As the Fed Powell Continues to Flail, Could an MMT Fed Chair Be Next?

Blog07/23/2021

Could progressive pressure, mixed with escalating economic pressure, push White House decision-makers to replace Jay Powell with an advocate of MMT?

Forced Vaccinations in France Bring Both Repression and Protest

Blog07/22/2021

Macron says vaccines are not compulsory for the general public for now, but they are essentially required for anyone who wants to live a normal life. 

Libertarianism: A Fifty-Year Personal Retrospective

07/22/2021The Journal of Libertarian Studies

Mark Thornton provides a historical perspective on the growth of libertarianism, showing the limitations of the political path to liberty and the importance of the radical form of libertarianism.

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