Why Voting Doesn’t Tell Us What Voters Really Want
In a large enough democracy, the impact of an individual vote is statistically zero on the margin.
In a large enough democracy, the impact of an individual vote is statistically zero on the margin.
All arguments in favor of mandatory service rest on the idea that an individual's life belongs not to him- or herself, but to the state.
The Fed's balance sheet has risen to $4.1 trillion from $3.7 trillion in August. Nomi Prins discusses what this policy shift means and what it portends for 2020.
Central banks have done nothing to end the boom-and-bust cycle. Instead, their unscrupulous interventions in credit markets just prolong the boom. But it's a huge mistake to assume that bringing market interest rates to zero will create a perpetual boom.
How can paternalists say that when they make it more difficult for you to smoke they aren’t interfering with your freedom? They've come up with a bizarre rationale.
Uncritically holding democracy out as an ideal overlooks the question of whether market democracy or political democracy better serves citizens.
The task that civil rights laws were meant to carry out—the top-down management of various ethnic, regional, and social groups—had always been the main task of empires. The US now imposes this both domestically and globally.
In portraying the state as an integral part of economy and society, advocates of "state capacity libertarianism" ignore the state's unique political, i.e., predatory, nature.
Terrence Malick's new film about conscientious objector Franz Jägerstätter is a subtle film. But perhaps too much so, and we need to look deeper to understand why this one man so vehemently resisted the Nazi state at the cost of his own life.
It is not money that funds economic activity, but the saved pool of consumer goods. The existence of money only facilitates the flow of savings. Any attempt to replace savings with money ends in economic disaster.