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Fear of Failure is Vital to the Success of a Free Market Economy

Corporate WelfareThe FedFree MarketsStrategy

Blog11/21/2023

What lies behind the attempt to bypass fear of failure is the perceived lack of any substantial cost to failure. The illusion lasts only for so long before economic reality prevails.

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milei

Milei's Long-Term Victory Depends on Him Winning in the Battle of Ideas

Blog11/20/2023

Free-market intellectuals, activists, and columnists must never tire of endlessly recapitulating the truth about freedom, free markets, and peace. So long as a sizable portion of the Argentine public thinks the Peronists "get it right," no free-market reformer can succeed.

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blue graph of line

Libertarianism and the Importance of Understanding Causality

Booms and BustsLibertarianismAustrian Economics Overview

Blog11/20/2023

A bedrock of Austrian economic thinking is the notion of causality. A libertarian worldview also requires the understanding of causality.

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Israel and Hamas flags

Preserving the Statist Quo: Creating a Generation of Welfare-ing, Libertine Narcissists

Cronyism and CorporatismMedia and CulturePoliticsWar and Foreign Policy

Blog11/20/2023

Not only is Washington in political turmoil, but the policies emanating from the Beltway are more incoherent than ever.

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argentina flag and gavel

Rothbard, Milei and the New Right in Argentina

AnarchyCapitalismLibertarianismPolitics

Blog11/20/2023

Instead of the usual statist candidates, Argentine voters have elected a self-proclaimed Rothbardian who is calling for radical free-market changes in the nation's economy.

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scale and tape measure

America the Obese: How Taxpayers Are Forced to Ruin Their Health

Corporate WelfareEconomic PolicyProtectionism and Free TradeU.S. History

Blog11/18/2023

Since the original sugar tariff of 1789, US government policy has been to subsidize sugar, a policy that has led to serious consequences, including a health crisis of obesity.

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covid vaccine card

Driving Up Fatalities: Why Flight Vaccine Mandates Would (Likely) Backfire

Big GovernmentBureaucracy and RegulationThe Police State

Blog11/18/2023

As President Biden mulls mandating commercial passengers to have Covid vaccinations, perhaps he should remember that his move would increase the death rate from traffic accidents as more people eschew flying and take to the open road.

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The Legacy of Legacy Admissions Is Not What the Critics Claim

EducationMedia and Culture

Blog11/17/2023

Critics of college legacy admissions claim that the practice is racist and admits undeserving students. The longer-term results of such admissions show why colleges continue to employ them.

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