What is Socialism
Murray Rothbard offers this challenging observation about socialism in his 1964 piece from Continuum, featured on LRC today:
In Praise of Disorganized Labor
As they say in the South, writes Chris Westley, you can stick a fork in organized labor. Its implosion is a reminder that, in the long run, market forces trump state power.
Greenspan Rejects Estate Tax Repeal Without Offsets
Walter Block on Canada’s Military
I highly recommend that everyone watch or listen to the wonderful series of lectures being given right now at the Mises Institute by Walter Block. I had the pleasure of attending the lectures on Monday. Although Dr. Block was not talking about war, he made a joke about Canada’s military that I thought was profound.
Assemble the Experts
From Zenohockey
The Encyclopedia Britannica, once synonymous with knowledge, is apparently feeling threatened by the spread of free information on the Internet -- including sites like Wikipedia, where literally anyone can contribute anything. Britannica’s brilliant idea for returning to the zenith of its prestige and influence? Says the Boston Globe)
Meanwhile, in the free-market utopia of Ukraine
More troubling news from the regime that we were so assured would bring all good things to Ukraine. So that’s 3 for 3: corruption, Socialism , bankruptcy.
Everyone’s a winner!
Teaching group to consider banning word “fail,“ to be replaced with the phrase “deferred success” to avoid demoralising pupils, a group of teachers has proposed.
State to Subjects: Tax Yourselves, please
This has to be the barmiest idea yet — in thrall to the Ecofascists’ Boiling Frog fantasies, but frightened that ‘economic growth’ will falter (along with campaign contributions if they take on the airline lobby) should they actually hike travel taxes again, Britain’s Jacobins now want the nation’s Great Unwashed to fork over the cost of an onboard lager voluntarily in order to ‘save the planet’ from the effects of their unthinking hedonism!
What’s Wrong with Economic Growth?
Economic growth serves as the prominent standard for measuring the performance of an economy. However, what is published as the gross domestic product (GDP) does not represent production but reports overall spending. The calculation of economic growth is based on the nominal gross domestic product deflated by a price index.
Jane Flaherty on our book
In this H-net review, our book Tariffs, Blockades, and Inflation: The Economics of the Civil War, is both attacked (no surprising) and recommended (all to the good):
