Editor’s note: The following is an article originally published on October 20th, 2025, at Ludwig von Mises Institut Deutschland. Its publication sparked a public debate on the topic between Dr. Bagus and Dr. Jörg Guido Hülsmann.
This debate can be followed here:
Hülsmann: Closing a Central Bank: Comment on Bagus
In A Theory of Justice (Harvard University Press, 1971), the philosopher John Rawls proposed an account of justice that, in his view, was better than the competing theories, viz., utilitarianism, which says you should act by what will lead to the best consequences, and “deontological” theories that appealed to rights. Opponents of utilitarianism raised various problems for it, e.g., that applying it sometimes led to counterintuitive results.
“President Donald Trump’s once unquestioned grip on his MAGA political base is showing signs of strain as some of his supporters have started pushing back...”
Hegseth says he is making the Pentagon more war ready, but he’s “actually weakening all three legs of the Pentagon stool.” Article by Karen Kwiatkowski.
John Mearsheimer thinks it may be so. Mark Levin’s hysterical rants about Tucker Carlson illustrate the state of the Israel lobby in America.
The “benchmark” Thanksgiving meal is cheaper only because Wal-Mart greatly reduced the size of the meal, and then declared it more affordable.
In Southern California, the I-15 freeway leads from Southern California to Las Vegas. It is not unusual for cars to travel at 80+ miles per hour on this road. My Granddad Bill told me once that he and my grandma were driving home from a trip to Las Vegas and were passed by another car “like we were sitting still.” To guesstimate how fast the other car was going, my granddad looked down and saw that he was already going 110 mph without even realizing it.
In a recent rejoinder, Philipp Bagus has followed up on our previous discussion. The present response will focus only on the two most important issues under contention.
