ABSTRACT: The libertarian nonaggression principle (NAP) enjoins us from messing with other people or their property. This means that theft (removing owned items from the control of their proper owners) is not acceptable. Major libertarian writers (Murray Rothbard, Walter Block) have however opined that if an item is currently held by someone other than the proper owner, then it is permissible to grab the item (i.e. stealing from a thief). This paper argues against this position.

ABSTRACT: In this article the nature of private property rights in Nigeria is analyzed and a case is made for basing property rights in natural rights libertarian political philosophy. The issues of land and natural resource ownership and control in Nigeria are analyzed from a Rothbardian point of view. A Rothbardian framework of property ownership options is proposed and used. It is shown that neglect in the protection of property and the frequent abuse of property rights by the Nigerian government is the major reason for poverty in the country.

To most people, “inflation” signifies widespread rising prices. Economists have long argued, as a matter of technical accuracy, that “inflation” denotes an increasing money supply. Frankly, though, most people don’t care what happens to the supply of money, but they care a lot about the prices they pay, so I’ll focus primarily on the numerous rapidly rising prices Americans are paying today.

Following are several examples of the current inflation.

The Fed has embarked on a massive expansionary quest in recent years. In 2020, total Reserve Bank assets rose from $4.2 trillion to $7.4 trillion amidst the pandemic and related government lockdown and fiscal “stimulus” policies. That was roughly three times the extraordinary growth in the consolidated balance sheet for the Reserve Banks in the 2008-2009 financial crisis. And in the latest weekly “H.4.1” release, total assets were up to $7.8 trillion – rising about a hundred billions dollars a month so far this year. 

ABSTRACT: Herbert Spencer and F.A. Hayek developed bodies of liberal political thought that stress the importance of evolutionary social adaptation as a type of spontaneous order. An evolutionary social theory, properly understood, can form part of a liberal theory of politics. Improperly understood, it has been employed to form defenses of the modern nation-state, and nation-states are not products of spontaneous social evolution but rather are destructive of it.

ABSTRACT: There have been many calls for reforming the gold standard since the end of the classical gold standard and especially since the end of Bretton Woods. While these calls have somewhat abated in recent years, this article will attempt to show that the gold standard is still a superior monetary system, and that the reform of the monetary system is still a desirable policy.

Key Words: gold standard, monetary policy, austrian economics, populism