Smaller countries have often been shown to perform better than large countries in terms of overall income and in economic growth. Also, their populations often enjoy more healthy and safe social environments.
A given goal dictates the specific means that an individual will choose for the attainment of that end. People make choices that they think will help them achieve an end.
As H. L. Mencken wrote, “For every complex problem there is an answer that is clear, simple, and wrong.” The EU's Green Deal is the latest example.
Robert Murphy defines some of the conventional “monetary aggregates,” such as M1 and M2, and gives the textbook rundown of how the Federal Reserve and commercial banking system “create money” when the Fed buys assets and the commercial banks extend new loans.
The economy is not primarily about the adjustment of capital investment across industries and firms, but about the determination of which industries and types of production will exist—and who will be involved in this future production.
Government officials have repeatedly failed to deliver clean water to the people of Kathmandu. So the private sector stepped in to get the job done.
To a socialist socialism is a moral imperative, and the only thing holding back the implementation of this system in the US has been the failure of socialists to present a plausible alternative—something that socialists claim now is being done.
Is just aiding and abetting someone in committing an aggressive act a violation of the nonaggression principle? What if you were "just" driving the getaway car?
The lack of state-to-state border controls has often served as an excuse to increase federal regulation of all states in the name of "uniform" laws. We've seen this with guns, drugs, alcohol, and migrants.
For Eugen Ehrlich, case law—as opposed to legislative law—could be be an effective tool in limiting state power and returning power to nonstate institutions.
