The government loads $328 billion of your tax care money on the EBT cards for SNAP recipients, and they go into the stores and they buy Coca Cola products, Frito Lay products, Pepsi products.
India claims it is attacking “terrorist infrastructure.” Both countries have nuclear weapons.
President of the Mises Institute Tom DiLorenzo joins Saifedean Ammous on The Bitcoin Standard Podcast to discuss his work on US history and economics, and the increasing influence of the Mises Institute and Austrian school economics.
Listen here: https://saifedean.com/podcast/272-mises-institutes-tom-dilorenzo
In the wake of the Trumpian tariffs, any number of fallacies in economic theory have resurfaced to justify and advance Trump’s agenda. Most are more egregious than optimal tariffs, but this particular fallacy needs especially to be exposed. Not primarily because it has been used by some defenders of Trump, but because it is a mainstay of modern economics, and as such exposes a weakness in mainstream defenses of free trade.
Since he was a young up-and-coming property magnate in New York City, Donald Trump has been fixated on what he believes to be foreigners’ “cheating” on international trading terms to the detriment of the US. He believes—along with many Americans—that foreigners have stolen all our good, high-paying jobs by manipulating their own currencies, subsidizing their home industries, and erecting protective trade barriers—in the form of tariffs and quotas—that make American goods uncompetitive.
Coming May 15-17 in Toruń, Poland, the 9th Austrian Economics Meeting Europe features keynote lectures from Jörg Guido Hülsmann, Mateusz Machaj, and Tate Fegley.
This is an academic conference featuring new papers and presentations from two dozen scholars from across Europe.
The event begins at 9:30 am on Friday, May 16. Contact Łukasz Dominiak (lukasdominiak80@gmail.com) for information on registration.
The current trial to potentially divide up Google is another unwarranted governmental overreach into the free market. One of the many reasons that libertarians believe in minimal government intrusion into the economy is that it discourages competition and innovation. While the government believes that Google has become a monopoly in the search business, the ultimate goal should be to let the free market decide if other browsers and search engines offer anything superior.
To many economists, questions of justice are not relevant to the study of free markets. In most situations where people try to invoke arguments about “justice,” they are concerned with distributive justice. Their aim is to address questions of wealth distribution and income inequality. They argue that “social justice” requires the state to redistribute wealth.
[This article is a selection from Against the State: An Anarcho-Capitalist Manifesto, 2014.]
Despite all the problems of the State, many of you are probably skeptical about anarchism. How would it work? We can’t give an answer that gives all the details of the institutions of anarcho-capitalism, but we can sketch out some of its main features. Those who want a more detailed account should read Rothbard’s The Ethics of Liberty.
