The decolonization movement seeks to destroy both economics and science, all in the name of social justice. In the end, however, what they get is not justice and certainly not order, but rather chaos, and deadly chaos at that.
Bob continues his feud with George Selgin, explaining why the alleged free banking period in Scotland doesn't show that free-market banks would carry low reserve ratios.
Today these reasons or very similar ones are used by opponents of a different form of abolitionism: the proposal that government as we know it — monopolistic, individually nonconsensual rule by an armed group that demands obedience and payment of taxes — be abolished.
The concept of human rights has been corrupted by socialists and welfarists. That is why we need to look to thinkers like Murray Rothbard and others who laid out theories based upon natural rights and property rights.
Robert Reich is an economic fallacy machine, and he has begun a ten-week series in which he claims to debunk economic myths. Of course, to do so, he has to create economic myths and present them as factual.
"Caius Gracchus" Babeuf came to Paris in 1790 and imbibed the revolutionary atmosphere. Five years later, he founded the secret Conspiracy of the Equals.
The decolonization movement seeks to destroy both economics and science, all in the name of social justice. In the end, however, what they get is not justice and certainly not order, but rather chaos, and deadly chaos at that.
Jonathan Newman joins Bob to respond to Robert Reich's new series on "economic myths."
Mainstream economists insist that data alone can explain economic events, permitting them to test economic theories. In truth, without sound theory, data is meaningless.
The watchword in higher education today is decolonization, which depends upon what Ludwig von Mises called racial polylogism. Mises understood that polylogism undermines the very foundations of scientific thought.
