One of the objections against anarcho-capitalism is that without government supervision, businesses will form cartels. However, free markets have their own ways of undermining these arrangements.
Dr. Gordon dissects Kenneth R. Minogue’s The Liberal Mind. While Minogue has some interesting arguments, his view of rights conflicts with the views of Murray Rothbard.
The natural law is, in essence, a profoundly “radical” ethic, for it holds the existing status quo, which might grossly violate natural law, up to the unsparing and unyielding light of reason.
As both left and right throw freedom and free markets over the side, we remember that there still is a remnant that understands why these things make for a good society. Albert J. Nock eloquently reminds us of what we are losing.
Nixon’s 1971 decision didn’t just close a gold window—it opened the door to a fiat future of perpetual inflation, asset bubbles, moral hazard, and chronic economic dysfunction.
Far from a system of exploitation, the free market peacefully harmonizes the preferences of everyone.
While people might speak of the “business of government,” there really is no way to compare the two. Business is voluntary; government is coercive.
Landlords have been using AI tools to get a better idea of market conditions and changes in the rental market. Naturally, the government is trying to end this practice under the false belief that such tools involve collusion.
David Gordon reviews Binyamin Appelbaum's The Economists' Hour. As a critique of free-market economics, the book fails, relying on appeals to competing values and misattributing government failures to the market.
People (including most mainstream economists) assume that only a government bureaucracy can effectively deal with predicting disasters and alerting people in harm's way. However, this is an area of enterprise that is ripe for free markets.
