Bootlegging Built Jazz
While pop and rock hits were attracting pirates, the same methods were available to aficionados of opera, classical, jazz, and show music.
Education and the Knowledge Problem at the Margin
Complaints about student loan debt and education funding create an I Portent teachable moment. Value The margin Resources allocated among competing ends.
Friedrich Hayek on Social Evolution and the Origins of Tradition
Libertarianism.org has released this exclusive video from November 22, 1983 of F. A. Hayek discussing the evolution of morality and social norms, arguing that they result from unplanned, emergent processes. He contrasts this conclusion with other philosophical accounts of law and morality.
Economic Law vs. Occupy Wall Street
In their 1995 book, Myth and Measurement: The New Economics of the Minimum Wage, David Card and Alan Krueger argued that increases in the minimum wage in Pennsylvania and New Jersey in the early 1990s not only did not lead to unemployment, as classical economic theory would predict, but actually coincided with an increase in employment.
State of Incarceration: Spontaneous Order behind Bars
The Mexican Mafia has become a state, with a monopoly of violence and coercion over a geographical area.
MF Global Shines A Light On Monetarism’s Incapacity To Enhance The Real Economy
An explanation for the downfall of MF Global
Complete article here.
How to Fix the Housing Crisis
The foreclosure crisis has crawled on for going on four years now with no end in sight. The S&P/Case-Shiller index for August fell 3.8 percent from a year ago. The index includes home prices for 20 US cities.
Can a Jobs Campaign Create Real Jobs?
In a voluntary society, both parties benefit from any exchange, or it wouldn’t have happened in the first place. We only want the most profitable businesses to be operational, because we will benefit the most from the best and cheapest goods.
Shakespeare: The Ultimate Market Product
The Bard could have been the greatest literary success to never happen had it not been for early-18th-century booksellers.
A Priori Theory and Sound Money
In 1953, Ludwig von Mises wrote,
The sound-money principle has two aspects. It is affirmative in approving the market’s choice of a commonly used medium of exchange. It is negative in obstructing the government’s propensity to meddle with the currency system.1
And further,
