Why Social Welfare Programs and Democracy Cannot Co-Exist
John Stuart Mill and Ludwig von Mises realized that democracy can only work if the voters pay more into the system than they take out of it.
John Stuart Mill and Ludwig von Mises realized that democracy can only work if the voters pay more into the system than they take out of it.
Central planning relies on successfully predicting the future. Unfortunately for central planners, this is an impossible task.
Mises maintained that humans act out of self interest. But that doesn't mean others can't benefit from those actions, regardless of intent.
When I was a kid, I loved Independence Day. Now it just makes me sad.
The data of history would be nothing but a clumsy accumulation of disconnected occurrences if not for interpretation by systematic praxeological knowledge.
The final issue of the Journal of Libertarian Studies (1977–2011): online.
In our proper condemnation of scientism in the study of man, we should not make the mistake of dismissing science as well.