“Action-Based Jurisprudence: Praxeological Legal Theory in Relation to Economic Theory, Ethics, and Legal Practice”–Libertarian Papers vol. 3, no. 19

Chavez devalues bolivar, Venezuelans go on spending spree

With oil prices off their highs, his country in a recession and prices soaring, President Hugo Chavez devalued the bolivar and “vowed to fight speculation and price increases that could result from the devaluation.”

At Caracas’s middle-class Sambil shopping mall, lines at cashiers reached 50-deep. Carmen Blanco, a 28-year-old accountant, waited to buy a 42-inch flat-screen television she doesn’t need because she already has one at home.

Bring Back the Breakfast Drink

Everyone knows the rule: drink no liquor before noon. How insufferable such advice is! It has caused morning drinkers to hide their habits, deny them when confronted, and otherwise feel like they are doing something wrong or immoral or socially intolerable, a combination which leads to other forms of pathology.

Crusading for God

What a difference a decade can make. Had Ridley Scott’s film Kingdom of Heaven — which portrays the Muslim conquest of Jerusalem in the 12th century between the second and third crusade — come out ten years ago, the film and its message would have looked very different and far less plausible than it looks now.