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The Folly of "Ask What You Can Do for Your Country"

Blog1 hour ago

Governments often demand that you "ask what you can do for your country," but those governments never guarantee us anything in return for our sacrifice.

Balloon inflation production economy stimulate

To Prevent Problematic Inflation, We Need More Production. Which Means There's Trouble Ahead.

Blog6 hours ago

Price inflation is so difficult to predict because there are so many moving parts: money supply, demand, money velocity, and supply of goods and services.

Central Banks Are Destroying What Was Left of Free Markets

Blog05/23/2020

The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.

Why Official Inflation Measures Don't Work

Blog05/23/2020

In theory, it is possible to adjust inflation measures to account for the many constant changes in prices resulting from changing demand, quality, and innovations. But it's essentially impossible to execute these adjustments accurately.

It Seems That Everyone Who Isn't a Hard-Core Leftist Is a "Libertarian"

It seems that if you're mildly against the drug war and sky-high taxes, you're a "libertarian" to many left-wing commentators—even if you also support programs like "universal basic income" and renewable energy boondoggles.

Nozick on Time Preference

Blog05/22/2020

Can indifference be demonstrated in action?

Three Ways the Coronavirus May Significantly Accelerate Political Decentralization

Blog05/22/2020

Although national tragedies tend to bring a country together, it seems clear that the coronavirus will leave America as divided as it has been in modern history.

Oliver E. Williamson (1932–2020)

05/22/2020Power & Market

Oliver E. Williamson, 2009 Nobel Laureate and founder of "transaction cost economics," has died at age 87. Here is a short piece I wrote on Williamson and Austrian economics.

Why Those COVID-19 Models Aren't Real Science

Blog05/22/2020

Lord Kelvin once said, “If you cannot measure it, then it is not science” and “your theory is apt to be based more upon imagination than upon knowledge.” This would certainly seem to apply to the many COVID-19 models now used to destroy human rights across the globe.

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