Government as the Ultimate Cause of the Tragedy of the Commons
A good definition of the tragedy of the commons is that "resources that are unowned and/or unownable will be plundered to extinction."
A good definition of the tragedy of the commons is that "resources that are unowned and/or unownable will be plundered to extinction."
Anyone considering going to the very conservative College of the Ozarks knows what he's getting into. Yet the Biden administration has launched a war on this tiny college in the name of "equality" for transgendered students who have no reason to ever set foot there.
The difficulty Trump encountered in trying to even slightly scale back American military schemes shows just how far Americans are from abandoning the idea that the United States is the indispensable nation entitled to fight wars always and everywhere.
Corporate America—from Facebook to Google to Major League Baseball—got rich by giving the consumers what they want. Now these big firms will use their riches to crush their ideological enemies. That's life in a "mixed economy."
We're beginning to see some early attempts by private firms to provide simple, affordable private security beyond wealthy or corporate clients.
It seems absurd to have to point out that economic cannibalism, even in the face of a virus, cannot produce anything but devastation, but alas, we live in absurd times.
It's too late for American member states to assert real independence from the central government without facing an avalanche of legal, political, and even military opposition. Europeans would be wise to not put themselves in a similar position.
Most people understand that it's a good thing when others invest money and capital in your community. But when Canadian investors offered to pour money into France as part of a deal to buy a French company, the regime said no thanks.
Many have long speculated that there is a correlation between economic prosperity and the length of women's hemlines. But perhaps it's now "mom jeans," with their high waists and ample fit, that indicate the true state of the economy.
The "People over Profits" mantra is once again is being heard in Washington. But this time we're hearing about it from business lobbyists themselves who are now parroting leftwing slogans about "social responsibility."
Two things should concern us. First, the weakness of the recovery in the middle of the largest fiscal and monetary stimulus seen in decades, and second, the short and diminishing effect of these programs.
Bob continues his 3-part series explaining areas where his views have changed. In this episode, he covers government debt, the Fed being a private corporation, whether nice guys finish last, and mainstream utility theory.
Biden and congressional Democrats are seeking to turbocharge their push for a new domestic terrorism law to permit widespread federal crackdowns on their opponents. Any rigged commission would likely pour gasoline on a fire that could singe far more American rights and liberties.
Mises: "The experience with which the sciences of human action have to deal is always an experience of complex phenomena. No laboratory experiments can be performed with regard to human action."
Like any other piece of aggregate government data, cause-of-death data is used to justify new government interventions and policies. But there are good reasons to suspect there are many problems in compiling and auditing this data.
As the world’s second-largest economy attempts to return to its precrisis glory days, Beijing could potentially deal with a new pandemic that could have a sweeping effect on financial markets at home and abroad: a bond default crisis.
Rothbard presents a remarkable exposition of a theory of liberty, a normative justification for laissez-faire which was sorely lacking. Kinsella does a remarkable job of explaining Rothbard's concepts with force and clarity, so you won't want to miss this episode!
We've seen pictures of empty shelves in Venezuela. Meantime, the one-year return on the Caracas stock exchange is 1,804.92 percent. If you're already rich in assets, inflation is a big nothing burger. But it's a problem if you're poor.
Elizabeth Warren has decided that bitcoin mining uses "too much" electricity. This raises an important question: Is Senator Warren qualified to decide on the "correct" amount of electricity usage?
Thanks to so many government restrictions on the use of potential monies that aren’t the dollar, we can only guess as to what the relationship between dollars and bitcoin would be in a functioning marketplace. But it doesn't have to be that way.