The garbage situation in Cairo is a classic example of government imposing a supposedly rational and modern solution that fits the needs of the people in charge but doesn't fit the needs of people. The end result is a spectacular failure.
"I contend that Professor King is a utilitarian rather than a natural-rights theorist."
"The very idea of a shortage of aggregate demand is absolutely meaningless."
The constitutional arrangement is far from perfect. But, at least if its provisions are obeyed, there is a barrier imposed on arbitrary and secret rule by one person.
There is no greater immorality than deep opposition to mankind per se, and environmentalism must be exposed as that kind of immoral and destructive creed. Only then will the party of mankind be able to take back our culture.
An ever-growing diversion of real wealth toward government nonproductive programs runs the risk of further weakening the ability of the United States to generate real wealth.
"The essence of 'immediate convertibility' is the difference between what Austrians call a claim transaction or warehouse receipt, like a demand deposit, and a credit transaction, like a time deposit."
The 18th century proudly called itself the century of reason. The 19th boasted of being the century of progress. In the same fashion, the 20th deserves one of two titles: the century of Marxian totalitarianism or of Bismarckian social security.
Interest is a homogeneous phenomenon. There are no different sources of interest.
