Turning Their Backs on Sweden’s Welfare State
As noted by e.g. Reason.com, Yahoo! News recently reported that Swedes are increasingly turning their backs on their globally lauded utopian welfare state. While very little known, Sweden’s welfare state “worked” through the early 1970s thanks to deliberately preserving capitalist institutions and expanding its scope at a slower rate than the country’s overall economic growth.
We Win the NY Times Prize
Binswanger on Anarchism
Harry Binswanger, a leading Objectivist philosopher, advances a simple argument that he thinks suffices to undermine libertarian anarchism. The argument is found in his article of January 24 for Forbes, “Sorry, Libertarian Anarchists, Capitalism Requires Government.”
Economics and Value Freedom
Mises and Rothbard taught that economics is a value-free science. Propositions of economics, such as the law of diminishing marginal utility, neither state nor imply any judgments about what is good or bad, right or wrong. Robert Grant, an Irish philosopher who teaches at Trinity College, Dublin, disagrees.
A “Quasi” Bank Run in Motion
HSBC has apparently stopped letting customers withdraw more than £5,000 from their British bank accounts unless depositors can provide evidence of “why they wanted it.” According to the BBC:
Stephen Cotton went to his local HSBC branch this month to withdraw £7,000 from his instant access savings account to pay back a loan from his mother.
A year before, he had withdrawn a larger sum in cash from HSBC without a problem.
Free Market a Better Alternative than Government
Walter Block on the ‘We Are Libertarians’ Show
Here I speak to Chris Spangle and Dan Peffers from the We Are Libertarians Show. I go over Nevada and its’ current laws on prostitution. I speak about free market environmentalism and the history of government laws actually permitting trespassing by way of pollution. I also make a clear distinction between the free market and contracting out.
Video: Ron Paul on Police Statism and the Future
Recorded at the Mises Circle Southwest Regional in Houston, 18 January 2014. Includes an introduction by Jeff Deist.