Should free-market advocates applaud the deal Donald Trump brokered to keep some Carrier jobs from being transferred to Mexico? I believe the right answer is no.
Tag: consequences
Trump Sends Property Rights Up in Flames
Alongside of Catholicism and Protestantism, the primary religion in the United States is not Islam or Judaism but the American civic religion. The Pledge of Allegiance is the creed of this religion and the American flag is its chief symbol. In the American civic religion, the worst sin that an American can commit is to refuse to pledge allegiance to the flag or to desecrate it. Federal law contains numerous provisions regarding the use, handling, display, and disposal of the flag. After some college students recently burned American flags on their campuses, President-elect Donald Trump tweeted, “Nobody should be allowed to burn the American flag — if they do, there must be consequences — perhaps loss of citizenship or year in jail!”
Trump’s Tactic Is Certain to Create Regime Uncertainty
The president’s actions might capture media attention and create the impression that he is going to bat to protect threatened jobs, but the visible effects of such random blundering about will be tiny in comparison with the far-reaching effects on corporate managers and owners across the board, because such selective intervention in the details of companies’ operations epitomizes the kind of action by which governments create what I have called regime uncertainty—a pervasive fear that existing private property rights in one’s property and the income the property yields will be attenuated or destroyed by unpredictable changes in government taxation, regulation, or other action.
David Hume on Self-Coordinating and Correcting Market Processes
David Hume emphasized that commerce and trade were among the most important avenues to offer opportunities to raise people’s standards of living, and to bring refinement and cultural betterment to a growing portion of a nation’s population.
What Poker Can Teach You About Life
I know a lot of people shun gambling and card playing, but there are some valuable lessons that can be learned from poker. I find that playing a few rounds can be rather educational. Of course, I’m not suggesting that people take their mortgage payments to Vegas in hopes of coming back rich. This is just a list of a few life lessons that poker (specifically No Limit Texas Hold’em) can teach to those who are paying attention.
My Kind of Anarchism
It seems to me to be important to take the time and effort to spell out exactly what it is that I do believe regarding “anarchism”. I am assuming that by spelling out what I do believe, I can clarify and set apart the difference between my “anarchism” and that which is espoused by others.
Empowering Hearts and Minds
All individuals act based on a particular set of morals and code of ethics. I want to know what your code is. What morals do you hold dear? What principles would you risk life and limb to protect?
So-Called Intellectual Property
Property ownership is central to liberty and civilization. Property rights prevent conflict over the use of scarce resources. Ironically, the term “intellectual property” (aka “IP”) represents a hodgepodge of concepts that generally introduce artificial scarcity and needless conflict.
Arguing for Voluntary Slavery
The libertarian view of “voluntary slavery” or “slave contracts” is mixed. There seems to be a great divide among the academics, such as Walter Block on one side and Murray Rothbard, et al. on the other.
12 Articles Every Aspiring Economist Should Read
Nothing stirs up controversy in the digital age quite like a list. But lists, especially ones that provide an easily accessible way to learn essential information, have their purposes. Below, I offer 12 articles that I think every aspiring economist should read. Before we get to the list, let me say a few things about how I created it.