Interventionism
America Goes to War
Hostilities in the North Atlantic provided the context — or rather, pretext — for America's participation.
Cannabis Victories!
There were three important victories related to cannabis, i.e., marijuana, legalization and only the most radical measure failed.
“Come What, Come Will!” Richard Overton, Libertarian Leveller
The Ron Paul of his era, Richard Overton, in both word and deed, was a fearless man, true to his ideals of justice, without regard for personal consequence.
Malinvestment, Not Overinvestment, Causes Booms
The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.
What Causes Moral Hazard?
It is not co-ownership per se that causes moral hazards. They are caused by the uninvited and unwanted co-ownership that springs from interventionism.
Markets, Not Unions, Gave us Leisure
The shorter work week is entirely a capitalist invention. As capital investment caused the marginal productivity of labor to increase over time, less labor was required to produce the same levels of output.
The Lesson of Soviet Medicine
In 1918, the Soviet Union became the first country to promise universal “cradle-to-grave” healthcare coverage, to be accomplished through the complete socialization of medicine. The disastrous results speak for themselves.
The Crisis of Interventionism
Interventionist policies have brought about all the effects economists predicted.
War Abroad, War at Home
Why do seemingly endless military conflicts persist, despite lacking any constituency beyond the DC beltway?