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The world doesn't follow predictable patterns based on averages of long-term probability. Ordinary people apparently know this better than statisticians do.
BiographiesMedia and Culture
Governments routinely bribe suspects into accusing others in exchange for reduced sentences. Thus, suspects are willing to say pretty much anything prosecutors want them to. Governments are fine with this.
Free MarketsOther Schools of ThoughtPhilosophy and Methodology
Rothbard’s work on welfare economics probably ranks among his least-known achievements, but it is truly a tour de force and another tribute to his great originality and talent as an economist.
What makes restitution work well in Japan is that private individuals and groups are much more responsible for controlling crime.
Bureaucracy and Regulation
Rent controls are a recipe for less housing, and unaffordable rents. At least for most people.
U.S. HistoryWar and Foreign PolicyHistory of the Austrian School of Economics
While searching through my apartment after a tragic fire, under soot and ash, I found these “lost” Rothbard lectures, recorded at NYU in 1979 and 1980.