What the Midterms Mean

The Most Important Election of our Lifetime™ may be a referendum on Trump, Kavanaugh, #metoo, migrant caravans, or any number of manufactured outrages since the 2016 presidential election. It will not be a referendum on foreign policy, the Federal Reserve, debt, spending entitlements, spying, civil liberties, or anything important with regard to state power.

The Libertarian Quest for a Grand Historical Narrative

It is no secret that I am not a Hayekian. Still, I consider Hayek a great economist - not in the same league as Mises, but few if any economists are. Hayek’s fame in the public mind, however, has less to do with his economic writings but stems largely from his writings in political theory, and it is in this area where I consider Hayek as mostly deficient. Not even his system of definitions here is internally consistent. His excursions into the field of epistemology are quite ingenious, yet also here he falls short of the accomplishments of his teacher Mises.

How Capitalists Created a “War on Waste”

Perhaps the most commonly referenced historical image invoked by people who wish to demonstrate the need for government interventions to protect the environment from private industry is that of the Chicago River in the nineteenth century. By the end of the Civil War, Chicago had the largest stock yard in the country, the Union Stock Yard, where hogs and cattle were butchered, portioned into marketable cuts of meat, packaged, and distributed to the rest of the country for sale.

Infant Mortality Is a Misleading Statistic for International Comparisons

There has been a long line of critics of American health care claiming that international comparisons of life expectancy and infant mortality rates provide supposedly irrefutable proof of the need for more government control of our health care system.

Los Angeles Times writer Michael Hiltzik recently echoed such assertions to conclude that “the U.S. stinks” in those areas. Unfortunately, though, infant mortality and life expectancy comparisons stink as health care efficiency indicators.