Peaceful Anarchism 024, “Statism is a self-destructive ideology, from whose ashes a wonder will emerge of epic proportions that will catapult human progress to the stratosphere and beyond. I look to the future with bright and hopeful eyes at what magnificent splendor awaits us.”
Tag: intervention
Trump’s Americanized Fascism
Sure, Trump says: “In America, the people govern, the people rule, and the people are sovereign. I was elected not to take power, but to give power to the American people, where it belongs.” But that cliched claptrap cannot withstand scrutiny. “The people” neither govern nor rule. Only persons act, and only certain persons rule. There is no way everyone can rule — unless all people individually rule their own lives. That’s not what Trump means.
Quit Bitching about “Price Gouging”
Which of the following is morally and economically preferable?
Editor’s Break 029 – Why “Price Gouging” is Not Evil (12m)
Editor’s Break 029 looks at the practice of raising prices of important goods and services during a disaster, popular decried as “price gouging.”
Markets II
I live in a Kentucky community through which passes US Highway 127. Decades ago, folks who live along this way, from Grayling MI to Chattanooga TN, decided to have one big yard sale, from stem to stern along this road. It is a spectacle!
Tribalism and Economic Nationalism – Cut from the Same Cloth
Why would anyone underestimate the benefits of interacting with foreigners? It might be because they are, well, foreign. Combine this bias with an ignorance of Adam Smith’s “invisible hand” (spontaneous order) and a suspicion that exchange is zero-sum rather than positive-sum, and you have the making of an economic nationalist.
Repercussions as a Matter of Course
Government can hardly ever do just one thing. Its action has repercussions, and these repercussions have repercussions, and so forth. Even when the government’s initial action may seem compassionate or productive, it is highly unlike that the repercussions will prove likewise.
The Free Market is Always Regulated
The free market is by definition regulated by the interactions of consumers and producers – producers regulate each other’s plans through the process of entrepreneurial competition, while consumers regulate the plans of producers through the exercise of their sovereign buying decisions.
Not Everyone is Worth Minimum Wage
Advocacy of any minimum wage is predicated on the economic ignorance that every employee’s value is worth at least that minimum. I was thinking on the drive home that a $15 minimum wage would apply to the two imbeciles who wasted my time this morning.
Words Poorly Used #97 — Market Failure
If you see what looks like a market failure, it is, in fact, the failure of a previously attempted market intervention.