Economists Akerlof and Shiller contend that people are too gullible and ignorant to be allowed to deal with a potentially deceptive marketplace on their own. The solution is to have the government manage the markets for them.
About half of the states pay for government spending in the other half.
The intended message of the JetBlue commercial is that if we just work together and make some sacrifices, we can all win. However, it actually showcased the inherent flaws in democratic processes.
When used properly, and when restrained by the prevalence of a relatively laissez-faire ideology, democracy can indeed work as a brake on government power.
Jeff Deist recaps his recent talk, "Socialist Left vs. alt-Right: What it Means for Liberty," which generated plenty of comments from libertarians, progressives, and the alt-Right.
This weekend, Jeff recaps his recent talk in Houston, which generated plenty of comments from libertarians, progressives, and the alt-Right.
Mass democracy, as its nineteenth-century liberal opponents foretold, devolves into a contest of contending forces, motivated by corrupt self interest.
Between conflicts with Eastern Europe, and the threat of a Birtish exit, the EU has some real problems.
Whether we're talking about central banks or the US Supreme Court, governments everywhere continue to centralize power in the hands of the very few. The problem with this, though, is that successful central planning is impossible and leads to economic chaos.
Thanks to our bankrupt economic policies, faith in our regime will soon be shaken whether we like it or not. Fortunately, we don't need a majority to make some changes for the better, writes Ron Paul.
