Inflation: The Rumors of its Death are Greatly Exaggerated
The real money-creating machines are commercial banks. Loan dollars become deposit dollars. Lots of lending means the money aggregates increase. Little lending means the opposite.
Interventionism
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Occupational Licensing — An Unnecessary Evil
The number of jobs that require an occupational license now covers 30% of the US workforce, up from 5% in 1950.
Why Social Democracy is Failing Europe
Social Democracy fails for the same reasons communism did. It just fails more slowly.
Unlike Real Insurance, Social Security “Insurance” Creates Greater Risk for the Future
Social Security acts as a sort of "reverse insurance," doling out money now, leaving less for the future.
Against the Primacy of Politics — Against the Overestimation of Majority Principle
The Swiss “Landsgemeinde” assembly provides some insight into how to create a less-bad form of political power. But that's still worse than true self-determination.
Dear Mr. President, Security Does not Create Development
Even though security might be a necessary condition for development, it is not a sufficient one.
Elizabeth Warren’s New Antitrust Crusade: A New Progressive War on Wealth
Warren and her fellow progressives have the regulatory issue with respect to free markets and public utilities almost precisely backwards.
Wilsonianism: The Legacy that Won’t Die
As Americans it behooves us to reassess the Wilsonian democratic legacy. More than an ephemeral aspect of our national past, it may be the fate that we have never escaped.
How Countries Fall into the Welfare Trap
Before wealth can be redistributed by the state, it must first be produced. But welfare-state policies end up destroying the very wealth which is necessary for redistribution.
How Countries Fall into the Welfare Trap
Before wealth can be redistributed by the state, it must first be produced. But welfare-state policies end up destroying the very wealth which is necessary for redistribution.
