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.
Innovations aren't very useful unless they serve consumers in the marketplace. Otherwise, we're pursuing innovation for its own sake, and that isn't progress.
The protest movements by gun-ownership-rights activists in Virginia still faces an uphill battle. But it may be the best battle to choose, since it would be a mistake to put faith in the courts.
Was healthcare a natural right two hundred years ago? If so, how is it that this "right" to eighteenth-century medicine morphed into a right to MRIs and chemotherapy? Do rights change with technology? That's not how rights work.
These days, the commercial banking system isn’t where the action is. Instead, it’s the shadow banking system that needs direct feeding to goose inflation—at least inflation in asset prices, and also to keep the debt service on the nation’s debt as low as possible.
Some anti-Brexit pundits tried to frame the Brexit debate as one of savvy economics-minded people against economic illiterates. These people missed the point.
Economics is not intent upon pronouncing value judgments. It aims at a cognition of the consequences of certain modes of acting.
After very quickly becoming an advanced economy, South Korea is experiencing declining growth and labor productivity. The culprit, as usual, is government intervention in the market to favor certain interests.
Lew Rockwell reviews a newly released collection of Neil McCaffrey's letters and other writings, which reveal his relationships with members of the early libertarian movement such as Murray Rothbard.
There is productive consumption and there is non-productive consumption. In the Keynesian mind, it's not necessary to produce anything, so long as people spend and consume endlessly, even to the point of destroying real wealth.
