The fatal error of classical liberals lies in their failure to realize that their ideal is theoretically impossible if it includes the necessary existence of a state (even a minimal one), understood as the sole agent of institutional coercion. ... Read the full post ... Read more

In Rothbard's vast compendium of economic wisdom, we read much that has not yet been properly popularized. Rothbard's production theory, for example, is quite different from the standard account. ... Read the full post ... Read more

Once (hyper)inflation is publicly seen as being the lesser evil of all options available for the government meeting its debt service, it cannot be dismissed out of hand that (hyper)inflation would be the consequence. ... Read the full post ... Read more

On the internet, the beautiful aspects of human nature manifest themselves, and we see individuals and companies maximizing their talents and resources for reasons of profit, pleasure, altruism, and progress. ... Read the full post ... Read more

Moore truly believes that warehouses of federal workers, in Washington, D.C., remotely running our lives is the optimal plan. He really doesn't care why the poor are poor or the rich are rich; he just wants it fixed. ... Read the full post ... Read more

The brains and talent of the financial industry have been moving enormous pools of wealth away from the highly regulated commercial and investment banks into the fast-paced, creative, and aggressive hedge funds. This is because, in many ways, the hedge funds represent a more pure capitalist system. ... Read more

From the very first we run into grave problems with the term "capitalism." When we realize that the word was coined by capitalism's most famous enemy, Karl Marx, it is not surprising that a neutral or a pro-"capitalist" analyst might find the term lacking in precision. ... Re ... Read more

The pleaders for statism insist that while all-powerful government might be inherently bad under a despot or dictator, it can be a perfectly wholesome thing under democratic auspices with the principle of majority rule. ... Read the full post ... Read more

The inclusion of broadband access in the universal service obligation will not only fail to achieve extension of broadband access, but will also fall short of the extension that would otherwise be attained under free market conditions. ... Read the full post ... Read more

The government is tying up capital trying to prop up the gigantic and inefficient "Big Three" car companies that were in some ways the iconic firms of the mid-20th century. These resources are being wasted: they could be used more efficiently and more profitably, and therefore more effecti ... Read more