Free Markets

IP is the manifestation on creativity of an underlying Marxist theme: the labor theory of value.

The twenty-first century belongs to China.

One of our gravest problems is that we find ourselves confronting the armies of bureaucrats who already control us, and who have a vested interest in keeping and expanding the controls they were hired to enforce. . . .

We libertarians have our work cut out for us.

Remember: there is a story like this behind just about everything government does. If you comprehend that, you can understand why people like Albert Jay Nock said that the state is always and everywhere the enemy.

It is important to remember that stories of Holiday spending-induced economic growth may be misleading.

The Economist has an interesting story on

And if the strongest arguments supporters can make for it require both substantial misrepresentation and high pressure, they have a poor case.

Investments pay you money every month. Homes are just the opposite – money pits.

Inflation, in case we've forgotten, is robbery by another name.

Notwithstanding the official press release and subsequent media coverage, the goal of mechanism design is, generally speaking, to study how best to harness markets.