Bob unveils a new series in which he explains and then evaluates apparent contradictions in the way free-market libertarians handle certain issues. Mentioned in the Episode and Other Links of Interest: Bastiat’s “Petition of the Candlemakers” Bob’s article on price gouging For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on iTunes, Stitcher, Spotify, and via RSS. You Might Also Like Dusty Wunderlich on FinTech Financing: Entrepreneurs Helping Entrepreneurs Key Takeaways and Actionable Insights. Consider these findings from a 2017 report from the G20 Global Partnership For Financial Inclusion, titled Alternative Data: Transforming SME Finance. Police
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Bob unveils a new series in which he explains and then evaluates apparent contradictions in the way free-market libertarians handle certain issues.
Mentioned in the Episode and Other Links of Interest:
- Bastiat’s “Petition of the Candlemakers”
- Bob’s article on price gouging
For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on iTunes, Stitcher, Spotify, and via RSS.
You Might Also Like
Dusty Wunderlich on FinTech Financing: Entrepreneurs Helping Entrepreneurs
Key Takeaways and Actionable Insights. Consider these findings from a 2017 report from the G20 Global Partnership For Financial Inclusion, titled Alternative Data: Transforming SME Finance.
Police Are Complicit in Politicians’ Disregard for the Rule of Law
People of a certain age might remember the old John Birch Society slogan “Support your local police!” The idea here is that your local policeman is a liberty-loving buddy of yours who would only ever support just laws and constitutional mandates. Only those bad guys in the FBI or BATF would ever consider violating your rights.
Why Congressional “Oversight” of the Bureaucracy Is No Such Thing
I have long been fascinated by both public policy and the interesting crooks, crannies, and oddities found in the English language. Recently, I came across one such tidbit which connected both of those interests. Hugh Rawson, in “Janus Words—Two-faced English” on the Cambridge Dictionary blog, was discussing a number of English words that are sometimes called Janus words, after the Roman god depicted with two faces pointing in opposite directions, because they have opposite meanings within themselves (e.g., cleave, hew, sanction, scan, peruse).
Why GDP Metrics Won’t Tell Us Much about the Post-COVID Recovery
In seeking to measure everything, econometricians gave us the dubious gift of gross national product and gross domestic product, the latter being in fashion today and the former in times past. Although there are different ways of measuring it, GDP is commonly taken as a measure of spending, comprised of household spending, government spending, investment spending, and net exports.
Inequality is Overstated—and Overrated
Whining and complaining about inequality is a growth industry. Thomas Piketty’s book (or perhaps a large virtue-signaling paperweight), about how the rich are getting richer, achieved bestseller status and is now a movie. Understanding the flaws in the wealth inequality argument is increasingly important, because the communist wing of the Democratic Party is now openly advocating a wealth tax.
The Social Consequences of Zero Interest Rates
Anyone who has ever been to Japan knows: Japan is special. The country has many strange habits. The Japanese culture is simply different and many peculiarities are hardly understood in the West. But it’s not only the old established traditions that are foreign to us Westerners.
The Death Wish of the Anarcho-Communists
[This article first appeared in the Libertarian Forum, January 1, 1970.]
Now that the New Left has abandoned its earlier loose, flexible non-ideological stance, two ideologies have been adopted as guiding theoretical positions by New Leftists: Marxism-Stalinism, and anarcho-communism.
Marxism-Stalinism has unfortunately conquered SDS, but anarcho-communism has attracted many leftists who are looking for a way out of the bureaucratic and statist tyranny that has marked the Stalinist road.
And many libertarians, who are looking for forms of action and for allies in such actions, have become attracted by an anarchist creed which seemingly exalts the voluntary way and calls for the abolition of the coercive State.
It is fatal, however, to abandon and lose sight of one’s own principles in the
Hayek’s Plan for Private Money
The most famous Austrian economist is 1974 Nobel laureate Friedrich Hayek. Because of his moderate views excusing state interventions in various circumstances, hardcore Rothbardians tend to regard Hayek as less than pure in many areas.
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