Goverment-Subsidized Technology Won’t Save China’s Economy
China’s “new infrastructure” will likely be but one more example of the false promise of technology as an antidote to the irrationality of state-controlled economies.
China’s “new infrastructure” will likely be but one more example of the false promise of technology as an antidote to the irrationality of state-controlled economies.
The Left believes that we need the state to force people to act in line with "social justice." This means that somebody must force compliance with state edicts, even if those people aren't called "police."
Bob interviews Whitney Davis, a Rothbardian and Seattle resident who happens to live down the street from the Capitol Hill Autonomous Zone (CHAZ).
Bob explains some of the basic–but crucial–errors in the cost/benefit analyses that have been offered by economists to justify the political coronavirus lockdowns.
A moral injustice is a legal injustice, period.
It's possible that there may yet be a V-shaped recovery as employment really takes off in the next few months. But, so far, there's little reason to assume this will be the case.
Bad theories have a long life in the social sciences, and the crude quantity theory of money is one that refuses to go away.
The heart of economic growth is the expansion of real savings. Monetary pumping only destroys wealth and savings.
Economists have long tried to use the idea of "public goods" as justification for a wide variety of government interventions. But there is no objective measure for what's a public good and what's not.