As Murray Rothbard has noted, there is an important distinction between nation and state. The former is a voluntary association of people while the latter is coercive and predatory. Progressives, of course, claim the opposite.
Many of the high-flying businesses that received massive publicity turned out to be the creation of a bubble economy. Not all businesses are flashes in a pan; many of them continue to serve as the backbone of our economy.
At best, a CBDC is surveillance masquerading as currency. The central bank would have precise information of your currency usage, savings, borrowing, and more.
"Politically there is nothing more advantageous for a government than an attack on property rights, for it is always an easy matter to incite the masses against the owners of land and capital."
Collectivism isn't a dangerous ideology just because of bad economics. It also is dangerous because its practitioners realize the only way to implement it is through outright violence, and they have no qualms about employing it to get their way.
Many economic think tanks espouse that national defense spending benefits Americans at large. It doesn’t. The notion that military spending "bolsters" the economy is yet another Keynesian fable.
When capital cannot move to labor, labor will move to capital, and so protectionism acts as an impetus to greater migration. The answer is free trade.
While G.K. Chesterton and libertarian thinking were not always a match, Chesterton did make some libertarian contributions in his novel Manalive. Connor Mortell dives into that work.
When people say that “socialism doesn’t work,” what do they mean? To better examine and critique socialism, one should apply the socialists’ framework, which is alone worthy of condemnation.
When someone makes the “roads” argument for the presence of government, they fail to point out that the final government product is substandard and often a hazard to people who use those roads. There is a better way.
