The quality of the models being used by politicians to set COVID-19 policy is only as good as the data collected. Unfortunately, the data is not very good. Meanwhile, real costs arise from the ruined economy.
Choosing between labor and leisure is not like choosing between apples and oranges. Many people like both kinds of fruit. But labor involves disutility,so a better choice is this: between apples and rotten oranges.
Remember how election day used to be a day of national relief, no matter who won? Regular people were happy that our political warring was over for a while, at least. But we don't live in that country anymore.
For starters, let's have California secede and limit Bernie-style socialism to the new republic. If my predictions ended up being wrong and the state became a paradise, then the rest of the country could quickly follow suit.
Some argue that someone’s superior talent or success is itself the result of mere luck. That claim, and its relevance as a justification for redistribution, has generated much controversy.
Marxist G.A. Cohen is troubled by the freedom libertarians grant to property owners. But artificial limits are unnecessary when practical realities have so often intervened to limit property ownership by any one person.
Your support helps us continue to make the sound economic principles of Mises, Hazlitt, Hayek, Rothbard, and Hoppe free to the world at a time when they are needed more than ever.
The old American way of doing things came to an end with the 9/11 attacks. At that point, the national-security branch of the federal government adopted many of the same powers as the Chinese communist regime, and without any amendment to the Constitution.
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