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Good Riddance to Fidel Castro!

Good Riddance to Fidel Castro! Without general elections, without unrestricted freedom of press and assembly, without a free struggle of opinion, life dies out in every public institution, becomes a mere semblance of life, in which only the bureaucracy remains as the active element. Public life gradually falls asleep, a few dozen party leaders of […]

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politics Uncategorized

To All You Halfwits Hailing a Hitler, Stooges Searching for a Stalin, Morons Marching for a Mussolini, Clowns Craving a Castro…

To All You Halfwits Hailing a Hitler, Stooges Searching for a Stalin, Morons Marching for a Mussolini, Clowns Craving a Castro… Hat tip to Brad DeLong for reminding people that political prisons are not a fair trade for public health and welfare programs.

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politics Uncategorized

Our Corrupt New Old Regime Aristocracy

Our Corrupt New Old Regime Aristocracy Shortly after Mitt Romney’s failed 2008 campaign for the Republican nomination his son Tagg set up a private equity fund with the campaign’s top fundraiser. One of the first donors was his mum, Anne. Next came several of his dad’s financial backers. Tagg had no experience in the world […]

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We’ve got to stop the debates,” McCain told Meet The Press‘ David Gregory. “Enough with the debates, because they are driving up our candidates’, all of them, unfavorability. We have enough of that. They’ve turned into mud wrestling instead of an exposition of all our candidates views. And it’s time to recognize who the real […]

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economics Uncategorized

The point of view underlying von Mises’s–and von Hayek, and Marx, and Ron Paul–complaint against fiat money in general and monetary management of the business cycle in particular is this: that value comes from human sweat and toil, not from being clever. Thus it is fine for money to have value if it is 100% […]

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Thomas Jefferson on Wealth Inequality

I am conscious that an equal division of property is impracticable, but the consequences of this enormous inequality producing so much misery to the bulk of mankind, legislators cannot invent too many devices for subdividing property, only taking care to let their subdivisions go hand in hand with the natural affections of the human mind. […]

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politics Uncategorized

Thomas Jefferson on Wealth Inequality

I am conscious that an equal division of property is impracticable, but the consequences of this enormous inequality producing so much misery to the bulk of mankind, legislators cannot invent too many devices for subdividing property, only taking care to let their subdivisions go hand in hand with the natural affections of the human mind. […]

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economics Uncategorized

It Is Not Just John Maynard Keynes, It Is Milton Friedman Who Is Being Thrown Over the Side

Any time that the views of Milton Friedman are denounced as those of a left-wing semi-socialist kook, something has gone very, very wrong. From It Is Not Just John Maynard Keynes, It Is Milton Friedman Who Is Being Thrown Over the Side – Grasping Reality with Both Hands Quote of the day. I used to […]

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economics Uncategorized

How Much Does the Market Organization of Economic Life Matter?

In 1989, the Iron Curtain came down, and we could see what a difference it made as we could examine levels of material well-being on both sides of the Curtain. This is as close to a perfect natural experiment as anyone could wish: the Iron Curtain’s location was determined by where Stalin’s and Mao’s and […]

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economics Uncategorized

Hayek’s Friends Should Apologize for, Not Endorse, His Road to Serfdom

Hayek’s Friends Should Apologize for, Not Endorse, His Road to Serfdom Hayek wanted to make the much stronger claim that the attempt to implement Labor’s policies would necessarily lead to a loss of personal and political freedom. This makes perfect sense because when you look at the most repressive regimes in world what makes them stand out […]