Debunking Robert Reich’s Debunking

“Additional units of a homogeneous good must go toward less important ends.” Is this an ethical claim? Does it fall under political science? Or is it an economic law?

According to Robert Reich, economics, properly considered, is in a mush with politics and morality. He has started a new ten-week series debunking economic myths, and the first one is “Economics is Objective.” I wouldn’t say he is off to a good start.

No Honor Among Government Thieves: The Evil of Asset Forfeiture

The practice of law enforcement agencies in the United States seizing private property is one of the clearest examples of how much power the government has been permitted to gain. Although the idea of forcibly appropriating the assets of citizens as punishment for violation of the law has been practiced on the North American continent for hundreds of years, for a long time it was only used infrequently and was generally ignored by law enforcement.

Distinguishing Libertarian Philosophy from Political Strategy

Private property is the foundation of the libertarian society, and in Rothbardian theory, a libertarian society is one founded on absolute private property rights. In the libertarian society, all property is private property. Libertarianism is thus constructed on the principle of self-ownership: the libertarian society is a free society in which each individual is a self-owner.