Keynes's early critics repeatedly demolished Keynes's theories, pointing out countless fallacies behind the so-called "new economics." Yet Keynes and his theories only gained in popularity. Why?
Many factors help explain the rise of the West, including both decentralization and the embrace of laissez-faire. But Europe's unusual pattern of family formation is also a likely and important factor.
Corporate America—from Facebook to Google to Major League Baseball—got rich by giving the consumers what they want. Now these big firms will use their riches to crush their ideological enemies. That's life in a "mixed economy."
New York City subways are in deep financial trouble and the quality of service is in a downward spiral. Yet even talking about privatization is verboten.
Just as Canada had the right to secede from Britain, so too do the provinces and territories have a right to secede from Canada. Today, secession may be Alberta’s remedy against the Canadian regime's abuses.
Rothbard gives us the rough foundation of justice, but only common law juries—temporalized and local—can fill in the gaps.
A capitalist never chooses that investment in which, according to his understanding of the future, the danger of losing his input is smallest. He chooses that investment in which he expects to make the highest possible profits.
The majority of economists, who assume recent historical trends will continue forever, forget that nonlinearity in economics means that cause-and-effect relationships can remain dormant for a long time, only to manifest themselves with unusual force later on.
Private security tends to provide its services to the highest bidder. And you know that almost always ends up being the regime itself. Corn farmers just can’t cut the same kinds of checks that tax farmers can.
For politically "sensitive" subjects, authorities do not accept deviations from their official story. This deleterious situation has existed since long before the pandemic.
