[Adapted from Planning for Freedom by Ludwig von Mises.]
The consumers by their buying and abstention from buying elect the entrepreneurs in a daily repeated plebiscite as it were. They determine who should own and who not, and how much each owner should own.
Amoungst all the crypto news this, and crypto news that, was a tiny item appearing in the Nikkei Asian Review on September 1st. Reporting from Denpasar, Indonesia, Damon Evans wrote, “China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry.”
The Atlantic magazine shouts the headline. “Richard Thaler wins the Nobel Prize in Economics for killing Homo Economicus.” For sure, the father of behavioral economics has done some good stuff. However, he didn’t kill Homo Economicus, Ludwig von Mises did.
In Hans Hermann Hoppe’s original and controversial essay “The Case For Free Trade and Restricted Immigration,” he outlined a defense of state action for the restriction of immigration according to certain, specific qualifications.
Quebec Premier Philippe Couillard told reporters “Quebec has been attacked. And Quebec will resist. And Quebec will unite. . . .”
One of the most accusatory and negative words currently in use in various politically “progressive” circles is that of “Neo-Liberalism.” To be called a “Neo-Liberal” is to stand condemned of being against “the poor,” an apologist for the “the rich” and a proponent of economic policies leading to greater income inequality.
The biggest winner of the Trump presidency is also the most surprising: Federal Reserve Chairman Janet Yellen.
After all, Yellen was a constant target for criticism by Candidate Trump, going so far as to accuse her of being “more political than Hillary Clinton.” Beyond Mr. Trump’s barbed rhetoric, pundits such as Paul Krugman predicted that Trump’s ascendency would be disastrous for the US economy and the stock market in general, which would have wiped out the modest recovery that Yellen’s legacy depends on.
The Indian tribesman’s claim to his ancient stomping grounds can’t be reduced to a title search at the deeds office. That’s the stuff of the positive law. And this was the point I took away from a conversation, circa 2000, with Mr. Property Rights himself, Hans-Hermann Hoppe.
