It’s Either Bullies or Balance Sheets

A wise man once told me that in this life, you can obey balance sheets or bullies. In the end, those are the only two paths. He was drawing attention to an unavoidable reality in a world of scarcity. All scarce things must be allocated among competing ends. This can be done top-down by people in control, or it can be accomplished bottom-up with the signaling system that emerges from voluntary exchange. The two approaches don’t mix well.

How Econ Textbooks Sanitize the Horrors of Communism

When I was first learning economics, I was surprised by how pro-communist many economics textbooks were. I don’t mean, of course, that any economics textbook ever said, “Communism is good.” What I mean, rather, is that textbooks were very positive relative to communism’s historical record. Indeed, many seemed deeply ignorant of actual communism, basing their assessment on second-hand information about communists’ stated intentions, plus a few anecdotes about inefficiencies. Many textbook authors were, in a phrase, communist dupes: Non-communists who believe and spread a radically overoptimistic image of communism.

Anarchism as Constitutionalism

Trying to refute anarchism by pointing to undesirable instances of anarchy is about as bad an argument as trying to refute Bidinotto’s advocacy of government by pointing to the Soviet Union or Nazi Germany. Whether a state is horrendous or decent depends in large part on its constitutional structure; whether an anarchic society is horrendous or decent likewise depends on its constitutional structure.

Do Two Wrong Taxes Make a Right?

Imposing tariffs in order to protect domestic producers who are unjustly harmed by taxes or regulations, as Bastiat noted, simply shifts the harm done by these taxes and regulations from producers to consumers. But why should consumers rather than producers suffer this harm? Some people must suffer it, and it’ll be either the unjustly taxed and regulated producers (in the case of no protective tariff) or their consumers (in the case of a protective tariff).

When Civility Isn’t Enough

On the memo line of every check I sent to the various “revenue” gangs, I wrote “extortion payment” beside my account number. The State of Colorado never seemed to notice, but the woman in the city “revenue” office noticed, and it really bothered her. She repeatedly called me to complain or get an explanation. A time or two she even came into my store to confront me face to face. I was nice. I was polite. I was civil. But I stood my ground.