Quote of the Week

As is often the case, it’s from dL, author of the Liberale et Libertaire blog. And the reason it’s the quote of the week is that brings together several things I’ve been thinking about in a way that I hadn’t managed to yet:

Our age of State Capitalism-intertwined in a million different knots with a . . . → Read More: Quote of the Week

Without a Net: Compromise versus Calculation

INTRODUCTION: ORDER OF BATTLE If we place the ongoing “purist”-”pragmatist” conflict within the libertarian movement under a metaphorical microscope, it immediately becomes apparent that what we’re looking at is not one conflict, but rather a bundle of conflicts composed of numerous intertwined disputes with overlapping intra-movement constituencies for particular outcomes. While the movement . . . → Read More: Without a Net: Compromise versus Calculation

Is Reasonable Regulation Compatible with Democracy?

Peter Boettke recently wrote a paper entitled: ‘Is the only form of “reasonable regulation” self regulation?’ (GMU Economics Paper 10-05).

This paper draws attention to the potential for self-regulating communities (governance without government) to achieve benefits of social cooperation even in unpromising situations. The subtitle describes the contents of the paper: ‘Lessons from Lin . . . → Read More: Is Reasonable Regulation Compatible with Democracy?

Yes, This is a Litmus Test

People who refer to themselves as “libertarians” spend a lot of time arguing over exactly what they mean by “libertarian.”

Personally, I try to be fairly “big tent,” figuring that people who self-identify as libertarian tend to get more libertarian after doing so, if a) accepted and b) encouraged to explore libertarian ideas.

So, . . . → Read More: Yes, This is a Litmus Test

How a Free(d) Market Would Give Us Zero Unemployment

One persistent problem in America’s political discourse is the misuse of the term “free market.” So-called “conservatives” like President Bush and his Republican acolytes like to claim that they support the “free market,” and liberals, normally skeptical of everything that comes out of conservatives’ mouths, take their word for it. The Right defends the . . . → Read More: How a Free(d) Market Would Give Us Zero Unemployment

Ron Paul Endorses Chuck Baldwin in Surprise Announcement

To the surprise of most observers, Ron Paul – who claimed he would stay neutral between the presidential candidates of the Constitution and Libertarian parties – endorsed the Constitution Party’s Chuck Baldwin in a blog post made on September 22. Baldwin acknowledged and accepted the endorsement the following day.

Paul, whose candidacy brought together . . . → Read More: Ron Paul Endorses Chuck Baldwin in Surprise Announcement

Ron Paul’s “Rally for the Republic” in St. Paul, Minnesota

Economically speaking, the Democratic and Republican conventions were exercises in massive self-delusion. Barack Obama and his party acolytes bragged about how they would spend money we don’t have (we’re $10 trillion in the hole, by the way), and McCain and the Republicans promised to balance the budget, strengthen the dollar, and close the $70 . . . → Read More: Ron Paul’s “Rally for the Republic” in St. Paul, Minnesota

Libertarianism Goes Hip Hop

Last week, I discovered a new rap artist named Tahir Jahi had recorded and released a song called “Man Make Da Money” on his MySpace page. No, this isn’t another “bling-bling” materialistic tune – though those can be good, too – but a rap song critical of…the Federal Reserve?

You bet! Jahi heaps scorn . . . → Read More: Libertarianism Goes Hip Hop

Hyperinflation: The Inevitable Result of Government-Manged Money

Last Wednesday, Gideon Gono – Zimbabwe’s equivalent of Federal Reserve Chairman Ben Bernanke – issued a $100 billion note.

What can you buy for $100 billion in Zimbabwe? Not quite one loaf of bread.

Zimbabwe is experiencing 12,500,000% inflation – 12.5 million percent. How does inflation get this far out of control? Who can . . . → Read More: Hyperinflation: The Inevitable Result of Government-Manged Money

America’s Free Market…or the Lack Thereof

Conservatives talk about how great America’s “free market” is, while those on the political left are critical of the “free market’s excesses.”

What are they talking about?

We have nothing even closely resembling a “free market” in the United States, and the latest news surrounding Fannie Mae, Freddie Mac, and the Federal Reserve underscores . . . → Read More: America’s Free Market…or the Lack Thereof