Justin Raimondo, RIP
Like his mentor Murray Rothbard, Justin Raimondo was an enemy of the state; and like Rothbard, he was magnificent in his scornful laugh directed at the Leviathan state.
Mises Wire
Diktat 1919: The Versailles Treaty As Dictated Peace
Unlike the Versailles peace, which failed horribly, the successful episodes of peacemaking — Westphalia, Vienna, and even the process that ended World War II — had in common extended multi-lateral negotiations and compromise.
Asset Forfeiture Will Have to Be Abolished at the Local Level
The Federal government is not going to stop state and local police from stealing the property of innocent people.
Alabama Expands Law Allowing Private Police Forces — And the Opposition Goes Nuts
If one is concerned about Briarwood’s new private police force, one also ought to be hysterical over pretty much any police force in the United States. But the state seems to get a pass in areas where non-state entities are treated with suspicion.
It’s No Bitcoin: Facebook’s Libra Currency Is Tied to Government Currencies
Libra's value is based on a basket of goods tied to government fiat currencies. Needless to say, Zuckerberg is no Hayek. And the Libra is no Bitcoin.
The Treaty of Versailles — 100 Years Later
The Versailles treaty was in many ways an extension of the imperialistic impulses that caused the Great War in the first place. Even worse, it paved the way for World War II.
Returns, Refunds, and Opportunity Cost
A business owner who cannot understand why a customer is not happy — or even very disappointed — with getting a full refund for a faulty product has failed to grasp some very fundamental economic concepts.
Government “Accountability” Isn’t Real Accountability
Being held accountabile in the real world usually means making reparations for incompetence or malice. But this sort of accountability almost never applies to governments.
Escaping Poverty — Not Inequality — Is What Matters
Some people get richer faster than other people. But what really matters is increasing access to everyday necessities (and luxuries) for everyone.
CNN Admits There Are Serious Problems with Central Banks’ Low-Interest-Rate Policy
There is reason to believe low-interest rate policy has lowered productivity, lessened economic growth, and favored large firms at the expense of small firms and innovation. Greater inequality and stagnating wealth has resulted.
