On Labor Unions

There’s nothing wrong with collective bargaining from the voluntaryist perspective. Where labor unions go wrong is in their use of coercion. When collective bargaining breaks down and employers wish to hire competing labor, that is well within their liberty to do so.

Roof Koreans: How Civilians Defended Koreatown from Racist Violence During the 1992 LA Riots

The riots of the spring of 2020 are far from without precedent in the United States. Indeed, they seem to happen once a generation at least. The 1992 Los Angeles Riots are such an example of these “generational riots.” And while most people know about the riots, less known – though quite well known at the time – were the phenomenon of the so-called “Roof Koreans.”

What I’m Doing

Most smart people aren’t doing what I’m doing.  Shouldn’t I be worried?  Only slightly.  Even smart people are prone to herding and hysteria.  I’ve now spent three months listening to smart defenders of the conventional view.  Their herding and hysteria are hard to miss.  Granted, non-smart contrarians sound even worse.  But smart contrarians make the most sense of all.

What I’m Thinking

1. Getting people to be rational about politics is an uphill battle during the best of times.  During a global hysteria, it’s hopeless. 2. Due to this doleful realization, I refrained from discussing the lockdown when it first emerged.  The best course, I deemed, was to wait for readers to simmer down. 3. Since many have now simmered down, here’s what I was thinking three months ago.

The Family’s Drug Smuggler

While there, an adult female relative visited a pharmacy and stocked up on some medicine she needed which required a prescription in the Land of the Free and was consequently much more affordable there. I would have done the same. At the end of the day, as we crossed through the police gate between tax farms, armed U.S. goons stopped us to look us over to see if we looked American enough and to question us. One of the few questions they asked was whether any of us had “any drugs or medications” we were bringing back with us. This female relative looked them in the eyes and said “No”.

Gouge Is Good

If you’ve bought anything in the past six weeks, you’ve seen shortages.  In grocery stores, you’ve see empty shelves.  Online, you’ve seen long waits. If you know econ 101, there’s an obvious explanation: price-gouging laws.  When supply falls, the market’s normal reaction is to raise prices.  Government’s reaction, however, is to paint the market’s normal reaction as vicious exploitation – and order prices to stay flat despite reduced supply.  Shortages inevitably result. While this story has great merit, you don’t have to look closely to realize that it’s not the full story of shortages.  Why not?