How Capitalism Improves the Welfare of All
How Capitalism Improves the Welfare of All
How the Census Bureau Invented "Hispanics"
How the Census Bureau Invented "Hispanics"
For anyone who's been following Major League Baseball in recent years, it's apparent that the memo has gone out that now is the time to wring one's hands over a lack of African-American players. Just this month, Hank Aaron lamented that MLB is "a dying sport as far as African-Americans [are concerned.]"
But Aaron's concern only makes sense if one uses the term "African-American" in the strictest sense possible. That is, to see a significant decline in the number of African-Americans, one must count only native-born Americans of African descent, and not count the sizable number of Major League players of African descent who were born in places like Cuba and the Dominican Republic.
Markets Are Our Best Hope for Peaceful Cooperation
Markets Are Our Best Hope for Peaceful Cooperation
The question left before us is what societal arrangement does such a nature best lend itself to. Karl Marx envisioned a future that would be “From each according to his ability, to each according to his need.” But as the biologist E.O. Wilson cleverly noted of communism, “Wonderful theory, wrong species.” Yes, what works well for ants doesn’t so much for human beings.
Price Controls May Be On the Way
Price Controls May Be On the Way
Cash Banned, Freedom Gone
Cash Banned, Freedom Gone
Proponents of a ban on cash claim that this will help fight criminal transactions — involved in money laundering, terrorism, and tax evasion. These promises of salvation are used to get the general public to agree to a society without cash. But there is no convincing proof for the claim that the world without cash will be a better one. Even if undesirable behavior is indeed financed by cash, you still need to answer the question: will the undesirable behavior disappear without cash? Or will those who commit the undesirable acts take to new ways and means to reach their goal?
Liberty Defined
Liberty Defined
Keynes Must Die
Keynes Must Die
Wait, I beg your pardon. It wasn’t Obama who warned that budget cuts would lead to a depression.
It was Mitt Romney.
Romney went on to become the nominee of the self-described free-market party.
An ideological rout is complete when both sides of respectable opinion take its basic ideas for granted. That’s how complete the Keynesian victory has been.
In fact, Keynesianism had swept the boards a decade before Romney was even born.
The General Theory of Employment, Interest and Money, the seminal treatise by John Maynard Keynes, appeared during the Great Depression, a time when a great many people were beginning to doubt the merits and resilience of capitalism. It was a work of economic theory, but its boosters insisted that it also offered practical answers to urgent, contemporary questions like: how had the Depression occurred, and why was it lasting so long?
Private Restrooms Are Private Property
The
current tempest in a teapot among the "rights" advocates is that no one
should be restricted from using the gender specific bathroom of his
choice. The "rights" advocates want to use the police power of the state to ensure this outcome.
The federal government has come down on the side of the "rights"
advocates, with regional and local governments sometimes taking the
opposite side. Once again, Americans are being told that there are only
two sides to this issue, and both sides claim to defend what is proper.
Notes on the Libertarian Party convention
Notes on the Libertarian Party convention
At
the Mises Institute, we don't support particular candidates for office
or legislative policy proposals. We're primarily interested in ideas and
education. And many of our most ardent supporters don't believe in
voting or political activism at all (although no less than Walter Block does). But
like Murray Rothbard, we of course maintain a "rooting interest" in
seeing the most libertarian (i.e least statist) candidates prevail. And I've recently argued for "issue libertarianism" over movement libertarianism, in the face of a very tough political landscape for third parties.
Rothbard, who helped Lew Rockwell create the Institute, was a Libertarian Party stalwart for many years: speaking at conventions, writing planks for the platform, suggesting tactics, and generally urging the Party to move in a more hardcore direction. He loved the unruly nature of the LP and its infighting, just as he loved the intrigue and plot twists behind Republican and Democrat races-- races he followed avidly and handicapped accurately. Lew himself was necessarily involved with the LP in 1988, helping Ron Paul secure the nomination after a surprising fight from the great (but not very libertarian) Lakota activist Russell Means.
Rothbard, who helped Lew Rockwell create the Institute, was a Libertarian Party stalwart for many years: speaking at conventions, writing planks for the platform, suggesting tactics, and generally urging the Party to move in a more hardcore direction. He loved the unruly nature of the LP and its infighting, just as he loved the intrigue and plot twists behind Republican and Democrat races-- races he followed avidly and handicapped accurately. Lew himself was necessarily involved with the LP in 1988, helping Ron Paul secure the nomination after a surprising fight from the great (but not very libertarian) Lakota activist Russell Means.
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