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Decentralization and SecessionStrategy
In a large enough democracy, the impact of an individual vote is statistically zero on the margin.
Philosophy and MethodologyPolitical Theory
Uncritically holding democracy out as an ideal overlooks the question of whether market democracy or political democracy better serves citizens.
PricesValue and Exchange
Values of goods are not static things that can be used for central planning. Values apply only to a particular transaction at a particular place and at a given time by human beings.
Decentralization and Secession
Efforts to abolish the US Senate because it's "undemocratic" employ a very crude and dangerous type of majoritarianism.
Booms and Busts
Our flawed economic measure called GDP leads to a flawed and skewed view of the economy in which consumer spending is the most important metric.
Money and BanksMoney and Banking
Monetary affairs have always been subject to government intervention of one kind or another, but there is no reason money could not be produced and regulated in a free marketplace.
Financial MarketsMoney and BanksMoney and Banking
If the small sample size of monetary history is any guide, the combination of asset market crashes and high goods inflation empowers sound money forces in the political arena. At the moment, neither of those factors are in play.
Decentralization and SecessionFinancial MarketsGlobal Economy
Last month's election gave Boris Johnson a strong majority in Parliament, but two economic wildcards could trip his new government up.