Through the ages, many observers have noted how markets promote peaceful and mutually enriching dealings among people of varying languages, customs, religions, and backgrounds. Voltaire’s account of this matter is a classic. I rediscover this time-honored truth virtually every day while living in Mexico.
Tag: action
Westminster: Bulldog, Not Poodle, for Best in Show
As of July 23, members of the United Kingdom’s Conservative Party will have chosen a new leader. On July 24, Queen Elizabeth II will appoint a new prime minister, almost certainly that new party leader. The two remaining contenders for those jobs are former Foreign Secretary Boris Johnson and current Foreign Secretary Jeremy Hunt.
Reflections from Spain
I just got back from a five-week visit to Spain. The first four weeks, I was teaching labor economics at Universidad Francisco Marroquín while my sons took Spanish-language classes on Islamism, Self-Government, and the Philosophy of Hayek. Then we rented a van and saw Cordoba, Seville, Gibraltar, Fuengirola, Granada, and Cuenca.
Morality is Based on Consent, Government is Not
At its core, morality is about consent. What is the difference between sex and rape, employment and slavery, or trade and theft? In each case, consent is what differentiates voluntary, peaceful interaction from coercion and violence. Consent is also what is conspicuously absent from all forms of government throughout human history.
Statists Want You to Believe You’re Stupid
Statists want you to believe you aren’t smart enough to know how to solve problems. They say you have to trust the president or congress or the city council to do what’s necessary because you can’t possibly understand the issues. You don’t see “The Big Picture”* and don’t understand “how these things work”.
Free Speech Just Isn’t That Complicated
It’s hard to believe we need to have this conversation in this day and age. But if we don’t keep having it, at some point we might not be allowed to have it. Question: What is free speech? Or, rather what is NOT free speech?
How to Deschool Yourself for Success and Satisfaction
Most of us spent at least 15,000 hours of our childhood and adolescence being schooled before we turned 18. Now in adulthood, we may need to unlearn some of what we were taught and embrace self-education for career success and personal fulfillment. Much of what we learned in school was dictated by others, disconnected from…
Historically Hollow: The Cries of Populism
The populists of our Golden Age are loud and furious. They’re crying about “monopolies” that deliver firehoses worth of free stuff. They’re bemoaning the “death of competition” in industries (like taxicabs) that governments forcibly monopolized for as long as any living person can remember.
What (Other) Economists Think About Democrats’ Education Plans
I was curious what these NPR-interviewed economists might say about the Democratic presidential candidates’ education plans, which involve funneling more money into a government system of mass compulsory schooling.
Market Regulated Just Right Amount
I love watching the market work. I don’t call it “the free market” because if it’s not free it’s not a market. Under government rules and regulations what survives is a pale shadow of a market; the more rules, the dimmer the shadow. Fortunately even this shadow of a market is enough to make life better for everyone; much better than the more regulated alternative. I appreciate this.