Free Markets

After taking office, President Obama massively expanded regulation, from Obamacare to the proliferation of regulatory czars, and proposed still more.

I am pleased to announce that, starting July 20, I (and guest lecturer Peter Klein) will offer a Mises Academy class, <a href="http://academy.mises.org/courses/production/">Production and the Market Process</a>.

How many bystanders am I justified in murdering in order to eliminate someone trying to kill me? If I abandon the principle of not harming innocents, what standard should I use to calculate how many innocent people I may murder in the process of protecting myself?

Bellikoth Ragunath Shenoy was born in 1905 in the village of Bellikoth, near Mangalore, in the southern Indian state of Karnataka. He became a hugely influential proponent of Hayekian theory and policy. He is sadly neglected today.

Block cleared away the irrational, inchoate underbrush of my own thought.

Today's Big Ag boom is sponsored by ethanol subsidies from the state.

It was a blast, this libertarian-anarchist gathering in New Hampshire, and more evidence that this movement is growing. 

One way to fight against the takeover of society by the state and its minions is to show a greater appreciation of their opposite.

Why the sudden pressure against drug prohibition? It is a burden on taxpayers. It is a burden on government budgets. It is a burden on the criminal-justice system. It is a burden on the healthcare system. The economic crisis has intensified the pain from all these burdens.

Disputants would be far better off if they could choose among competing arbitration agencies and thereby reap the benefits of competition and specialization.