Unintended Consequences: Some Problems with National Income Accounting

It is trivial to say that any cardinal number can be added to another to answer the question of “how many” or “how much” of something there is. The trick lies in teasing some relevance out of the resultant sum. The relevant tradeoff in constructing any aggregate is between the advantage of reduced complexity of a unique figure summarizing data and the disadvantage of the information lost from any individual figure within the set.

Only Ideological Change Can Make the World a More Peaceful Place

Those of us who support a noninterventionist foreign policy find in Murray Rothbard’s work an inexhaustible source of facts and arguments. Mises, by contrast, usually doesn’t comment on foreign policy issues. Sometimes he did, but you won’t find in his published writings his views on the Cuban Missile Crisis or the Arab-Israeli conflict. I’d like to suggest, though, that a fundamental theme in his work supports noninterventionism.

Snowden and Assange: There Is Still Time for Trump to Do the Right Thing

It is amazing to me that President Trump has pardoned some people whom he considered heroic while continuing to leave Julian Assange and Edward Snowden, two genuine heroes, in the lurch. Assange, of course, is getting the worst of it, given the brutal conditions under which US and British officials have incarcerated him in England. But it still can’t be a bundle of joy for Snowden to be living in Russia, given the societal jail-like environment that comes with living under the Russian regime.