Protecting Licensed Counterfeiters

[Excerpted from Honest Money (1986)]

You shall do no injustice in judgment. You shall not be partial to the poor, nor honor the person of the mighty. But in righteousness you shall judge your neighbor (Leviticus 19:15).

Three counterfeiters are discovered. The first one is a middle-class man who owns a cheap offset printing press. He has printed 500 $20 bills and spent them into circulation.

Fiscal Euphemisms

One of the ways politicians get away with systematic theft is by fostering euphemisms to describe their activities. An example: calling a tax deduction a form of government spending. Some famed economists do this!

The Superiority of the Roman Law: Scarcity, Property, Locke and Libertarianism

Before I went to law school (in 1988), I was an engineering student with little interest in law. I decided to go to law school for the prospects of making more money than an engineer, and because I liked to argue. People would say, Hey, Kinsella, you like to argue politics–you should be a lawyer. Doesn’t make much sense, I know, but I wasn’t ready to take a job designing air flow sensors for F-16 fighter planes for General Dynamics (my first offer as a senior majoring in electrical engineering).

A Culture of Fear

Upon the collapse of the Soviet Union, Soviet foreign spokesman Gennadi Gerasimov warned the United States, “We have done the most terrible thing to you that we could possibly have done. We have deprived you of an enemy.”

Why Ideas Dictate What We Think Is in Our Self-Interest

Marx assumes tacitly that the social condition of a class uniquely determines its interests and that there can be no doubt what kind of policy best serves these interests. The class does not have to choose between various policies. The historical situation enjoins upon it a definite policy. There is no alternative. It follows that the class does not act, since acting implies choosing among various possible ways of procedure. The material productive forces act through the medium of the class members.