The possibility that there may be offshore oil deposits in Jamaica has brought some to say that finding oil would actually be harmful to the nation’s economy and social fabric. Jamaican Lipton Matthews takes issue with that claim.
Murray Rothbard knew that egalitarianism always resulted in policy disaster. Egalitarians, he said, should be forced to justify their egalitarian demands.
Mainstream economists believe that if government increases spending and injects new money into the economy, then productive wealth will follow. Austrian economists would like to differ.
Remembering Murray Rothbard on our imperialistic wars: "The true principle of isolationism is that the government should be isolated and people who trade, interchange, and engage in voluntary travel, migration, and so forth should be allowed to peacefully do so."
The Federal Reserve might be experiencing a change of leadership, but the process of currency debasement that began more than a century ago continues.
Ludwig von Mises had many insights about immigration. As one might expect, he foresaw problems with open borders, but also believed immigration could benefit a nation.
Murray Rothbard famously asked Cui bono? to help unearth government scandals. Kenya’s politicians certainly benefitted from the Eurobond affair.
Historically, many sovereign states have granted separatist cultural and ideological groups political autonomy as a means of avoiding full secession. The US legal system prevents this.
With Trump’s crony capitalism, the government taking equity positions in US businesses, and socialists making real inroads in the Democratic Party, it is hard to find defenders of free markets.
Social contract theory was used to critique a form of the state, but was also used to legitimize the modern nation-state.
