Monday , August 3 2020
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Tag Archives: Uncategorized

Open Letter to Mercatus Center

Patrick HoranProgram Manager for Monetary PolicyMercatus CenterVia Internet Dear Mr. Horan and Mercatus: It just came to my attention that on 20 July you wrote an article prompted by the then-upcoming Senate Banking Committee vote on Judy Shelton for a seat on the Board of Governors of the Federal Reserve. You ask the question: Is a Gold Standard Practical Today? The question is more urgent than ever. But your answer does not really answer the question. The lede of your article...

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What’s Behind the Mask?

The response to COVID-19 has been breathtaking. Both sides of the political spectrum quickly agreed to shut down and suffocate the economy. And even before that, countless homeowner’s associations, condominium boards, retailers, and corporate employers beat the rush and shut down their facilities voluntarily. We quickly ended up in a world that no one has thought much about, and few would want. People were forced into isolation. They were not allowed to go to work, or to bars and...

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Interesting Airline Pricing

I had an interesting experience with airline pricing in the last 2.5 weeks. About 2.5 weeks ago, I got on line with United, the airline I usually use to go to Winnipeg. (From there, I drive 3 hours to Minaki, Ontario.) I wanted to go to Winnipeg on or about July 9. But I got a surprise. The airline literally wouldn’t let me reserve anything in July. I don’t just mean anything to Winnipeg. I mean anything anywhere. I hadn’t seen that before. You might think that I...

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Restore Laissez-Faire Capitalism

When I first saw Daniel Henninger’s 2020 op ed “Restore Laissez-Faire Capitalism.” (Wall Street Journal; p. A13, April 16) I said to myself “Whoop di do.” No. I lied. Actually, I said: “Double Whoop di do.” This is a title that a Ludwig von Mises or a Murray Rothbard could easily have chosen for many of their sterling contributions. But a careful perusal of this short essay greatly moderated my enthusiasm for it. I now give it an A-, not the A++++ I was ready to award...

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10 Percent Less Democracy

One of the principles I taught my economics students the first day of class and then applied incessantly thereafter was the importance of thinking on the margin. Garett Jones, an economics professor at George Mason University, has written a whole book in which he does just that. Jones considers what would happen if we made highly democratic countries less democratic and entrusted certain political decisions more to unelected officials. If you think he’s attacking...

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The End

Back in 2011, a group of academic philosophers started a blog called “Bleeding Heart Libertarians.” The idea behind that blog was simple, but also somewhat vague in terms of its specifics: that you could be a libertarian who favored free markets and limited governments, and still care about the kind of things people on the left refer to as “social justice” – relieving poverty, racial and sexual equality, immigrant rights, LBGTQ rights, and so on. Hence, the slogan of the blog,...

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Anti-Competition as the Incel Mentality

Observe:Incel: “Stacy choose Chad over me. I have the right to retaliate by killing Stacy and/or Chad.”Michael Fett, a guy on Facebook, justifying Guitar Center being looted: “Guitar Center put Mom and Pop guitar stores out of business. They deserve to be destroyed.”To be precise, though, Guitar Center didn’t put them out of business. We did by choosing to buy from GC rather than the mom and pop stores. GC didn’t show up and burn their stores. It offered a lower price, more...

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The AAAS Agrees with Magness and Me

New report on the state of the humanities:https://www.amacad.org/sites/default/files/media/document/2020-05/hds3_the_state_of_the_humanities_in_colleges_and_universities.pdf?fbclid=IwAR0lCu4KOkSq62KnkXdaOOaQtMBkxJN6affH61kgOctQZks7GsEJqzulHowIt concurs with what Phil and I say in Cracks and our other published work: 1. Adjuncts are not replacing full-time faculty.2. Full-time humanities employment is in fact growing rather than shrinking.3. Most humanities faculty are still...

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An Excerpt from *When All Else Fails*

Here are the concluding paragraphs of When All Else Fails. Over the past eight chapters, we’ve examined a wide range of arguments which attempted to show that government agents enjoy special immunity against civilians. Other arguments tried to show that some government agents at least enjoy special immunity against other government agents or would-be government agents. The arguments all failed. Until we get a successful argument to the contrary, we should conclude government...

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Is It Time for Private Punishment?

When All Else Fails is about defensive actions, not punishment. If someone had justly and rightly shot the cops who murdered George Floyd, they would be trying to stop them from killing Floyd, not trying to punish them for their wrongful actions. In the same way, if I stop a would-be mugger, I’m trying to protect myself, not reform or punish the mugger, and not trying to change the culture at large.I largely stay silent on the issue of whether citizens may privately punish state...

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