Power & Market

Butler Shaffer, a major libertarian legal scholar and theorist, died yesterday.

Frederic Bastiat made a clear distnction between the good economist and the bad economist. For him, the good economist looks beyond what is immediately apparent and instead looks much further into the future.

The real question is whether each is based in liberty or coercion.

"The left Smithians have some good points ... but generally speaking, they're overplaying their hand."

We have two options in explaining how the FBI conducted itself in relation to the FISA court and its clearly illegal and immoral efforts to spy on at least one American citizen involved in the 2016 presidential campaigns: 1. Gross incompetence/negligence. 2. Intent to do harm.

If Scots choose Holyrood over Westminster, or even Brussels over Holyrood, who are we to object?

Just because a worker has relatively low productivity is no reason to outlaw that person's job. But that is what minimum wage increases do.

The $120,000 price tag on that artwork involving a banana taped to a wall had almost zero to do with the amount of labor or materials that went into it. Its value was based on subjective valuations specific to certain buyers.

Recent reports on Afghanistan and Syria show the lengths Washington will lie to the public in the name of war.

Friedrich Hayek called Franklin Roosevelt "the greatest of modern demagogues."