Property Rights

Not surprisingly, the present government is rapidly politicizing artificial intelligence. We don’t have to look far for disastrous results.

If a property owner, or someone acting under the owner’s authority, deploys physical force to remove an intruder from the premises, does that use of force by the owner against the intruder give the intruder a right to “self-defense”?

As Hayek noted, civilizations do not arise from political decrees, nor are they the simple product of culture. The costs of transacting exchanges also play an important role.

For too long, people have thought of the airwaves and waterways as “public” property that is best controlled by government. However, Murray Rothbard and others held that one could apply the institution of private property to both.

For too long, people have thought of the airwaves and waterways as “public” property that is best controlled by government. However, Murray Rothbard and others held that one could apply the institution of private property to both.

Ludwig von Mises had many insights about immigration. As one might expect, he foresaw problems with open borders, but also believed immigration could benefit a nation.

AI has created enormous demand for new data centers, and many communities do not want them nearby. The Rothbardian answer is not blanket permission or blanket prohibition, but a property-rights framework and the return of market forces that government policy has largely displaced.

Economics is far more than what people see as “the economy.” It is the central organizing factor for civilized society.

Economics is far more than what people see as “the economy.” It is the central organizing factor for civilized society.

AI has created enormous demand for new data centers, and many communities do not want them nearby. The Rothbardian answer is not blanket permission or blanket prohibition, but a property-rights framework and the return of market forces that government policy has largely displaced.