Economics textbooks are full of clever-and-appealing policy proposals. Proposals like: “Let’s redistribute money to the desperately poor” and “Let’s tax goods with negative externalities.” They’re so clever and so appealing that it’s hard to understand how any smart, well-meaning person could demur. When you look at the real world, though, you see something strange: Almost no one actually pushes for the textbooks’ clever-and-appealing policy proposals.
Tag: action
Playing Chess with the Market
I just talked to an entrepreneur friend of mine and he had a great phrase for what building a company is like.
The Problem of Prediction
There are events, each being an instance of the things that happen in time. An event is both an abstraction AND a thing AND a set of things (people, places, connections, points in time, and other things) which help us to answer the questions who, what, when, where, why, and how. The important individualist, voluntaryist idea is to take your proper place in the space-time continuum.
A Loophole for the Lawless: “Qualified Immunity” Must Go
On August 11, 2014, officers from the Caldwell, Idaho Police Department asked for Shaniz West’s permission to enter and search her home. They were looking for her ex-boyfriend. West authorized the search and handed over her keys. Instead of entering and searching the home, though, the police brought in a SWAT team, surrounding the building. “[P]olice repeatedly exceeded the authority Ms. West had given them,” a lawsuit she filed complains, “breaking windows, crashing through ceilings, and riddling the home with holes from shooting canisters of tear gas, destroying most of Ms. West and her children’s personal belongings.”
Two-and-a-Half Cheers for Elizabeth Warren’s Student Debt Plan
There’s a strong historical correlation between easy availability of student loans and soaring costs of a college or university education. It’s basic economics. By artificially lowering loan risk to direct money at a good or service, government increases debt and drives up the price of that good or service.
I Dream of Anarchy
As any good conversation about liberty ought to, it turned to the question of anarchy. Not in the positive, bomb-throwing sense. Anarchy simply meaning society without a political ruler, or without the initiation of violence. I shared with him a deep and rich body of thought, from Linda and Morris Tannehill, to Lysander Spooner, to Frank Chodorov, to Roy Childs, to David Friedman (Milton’s son), to Spencer Heath MacCollum, to Murray Rothbard, to Leo Tolstoy, to Leonard Read, to Randy Barnett, to John Hasnas, to Bruce Benson, to Robert Higgs, to Edward Stringham, to Peter Leeson, to Jeffrey Tucker and more.
Was a Crime Committed?
Someone I know was told to show up for grand jury service this morning. So this seems like a good time for a link-heavy refresher on what is and isn’t a crime. No victim; no crime.
Courage: Use It While You Have It
Youth gives us some natural boldness and courage. Testosterone helps. Anger or indignation might give us another temporary boost. Desperation drives us to boldness, as does loyalty and protection of those we love. But all of these motivators to courageous action are finite, though. And ignored often enough, they will start to burn less and less brightly.
When May We Be Happy?
I suspect that many readers are telling themselves, “This is going to be a great year once the vaccine brings us to herd immunity.” Wrong. This is going to be a great year starting today if you choose to make it great. And if you postpone happiness until society gets its act together, you’ll be waiting for a lifetime.
Iraq: America’s Other “Longest War”
As the calendar prepares to flip from 2019 to 2020, protesters stormed the US embassy in Baghdad. As I write this, the action — a response to US airstrikes in Iraq and Syria which killed at least 25 and wounded more than 50 — hasn’t yet become a reprise of the Iran hostage crisis of 40 years ago, but it’s eerily reminiscent.