David Gordon reviews Dan Moller's book Governing Least: A New England Libertarianism, in which the author examines the issue of a welfare state in a libertarian society. Original Article: Is a Welfare State Consistent with Libertarianism? [embedded content] Tags: Featured,newsletter
Read More »How Washington Hawks Helped Create the New “Axis of Evil”
In 2002, President George W. Bush cited the now famous “axis of evil”—Iraq, Iran, and North Korea—as he tried to get the American people to look beyond those responsible for the 9/11 attacks and greenlight a global military campaign to “rid the world of the evil-doers.” The result was the $8 trillion global war on terror that continues to this day. Now, in the wake of the Hamas attacks in southern Israel one month ago, the same language is being employed to justify...
Read More »What is Software Quality? An Austrian Approach
Even something that seems as objective as software development falls under the Austrian view of subjective utility. Original Article: What is Software Quality? An Austrian Approach [embedded content] Tags: Featured,newsletter
Read More »Rothbard: Understanding the History of Banking from an Austrian Perspective
A History of Money and Banking in the United States: The Colonial Era to World War II by Murray N. Rothbard Edited with an Introduction by Joseph T. Salerno (Auburn, Alabama: Ludwig von Mises Institute, 2002; 510 pages) A History of Money and Banking in the United States comprises a collection of essays written by Murray N. Rothbard and compiled and edited by Joseph T. Salerno. It is the most comprehensive and enlightening treatise on the history of money and banking...
Read More »There’s No Easy Way Out of This Debt Spiral
We're about six weeks into fiscal year 2024, but if this year looks anything like last year, we can assume the federal government will continue to pile up debt at astonishing rates. According to the September Monthly Treasury report, the US government accumulated an additional 1.7 trillion dollars in debt for the 2023 fiscal year, which ended October 31. That' up by $319 billion, or 23 percent, from the 2022 fiscal year. As recently as June, budget-watchers had...
Read More »Israel Isn’t the Brilliant Friend of Freedom the Beltway Claims It to Be
It certainly wasn’t the only time calling a perceived ally of DC a democracy became a tradition with India. While India could have been the first non-European “ally” to receive such treatment since the heydays of the Cold War, the immense support India currently enjoys despite a litany of human rights violations will never outclass the kind of prowess Tel Aviv has from the grassroots and political elite in the Beltway. Between the dying enthusiasm for nation-building...
Read More »Fighting the Surveillance State Begins with the Individual
Fed up with the state's surveillance regime? There are ways to use available technology to frustrate government efforts to spy on you. Original Article: The Parasitic Rich Men North of Richmond [embedded content] Tags: Featured,newsletter
Read More »The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
Financial statements of the US Federal Reserve, which consists of the board of governors in Washington and twelve district reserve banks across the country, indicate that the consolidated system has generated both capital and operating losses for the past couple of years. The Fed was created in 1913 to issue and circulate an “elastic currency” that could respond to consumers’ demand for cash, end bank runs known then as “money panics,” and serve as a “lender of last...
Read More »Killers of the Flower Moon Is about Government Failure
Most reviewers of the motion picture Killers of the Flower Moon distill just one lesson from the story: greed is deadly. The love of money leads to evil. But the real lesson should be of government failure. The movie follows the book, Killers of the Flower Moon: The Osage Murders and the Birth of the FBI by David Grann. It tells the story of the Osage tribe during the 1920s oil boom in Oklahoma. Tribal members became very wealthy because of the discovery of oil on...
Read More »The Parasitic Rich Men North of Richmond
Oliver Anthony's popular song, "Rich Men North of Richmond," describes the parasitic world of the Beltway. One hopes people understand the damage the political classes have done. Original Article: The Parasitic Rich Men North of Richmond [embedded content] Tags: Featured,newsletter
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