Elon Musk Bought Twitter, and the Pundits Sure Are Mad.
The Wall Street Journal is reporting today that Twitter’s senior management and Elon Musk are in the final stages of agreeing on terms for Musk’s proposed takeover of the social media platform. Musk had announced on April 21 that he
The New World Order and Dehumanization on the Left and Right
Bob critiques the economic views of Yuval Harari, who predicts “useless people” because of technological advances. Bob then showcases similar thinking from right-wingers. He ends by addressing a common critique of the Christian God. Mentioned in the Episode and Other Links
Disney’s Corporate Welfare Is Modern Mercantilism
Disney's special legal status in Florida is reminiscent of the mercantilist corporations of old. They were granted favors at the expense of ordinary businesses who did not enjoy the favor of state officials. Original Article: "Disney's Corporate Welfare Is Modern Mercantilism" This
Reckless Associations:The Ruling Class Creates New Legal Theory to Stifle Free Speech
In a forthcoming article at the Harvard Journal of Law and Technology, three law professors propose a novel, legal tort theory of liability. This liability is referred to as “reckless associations,” and it has the effect of allowing a victim to sue
Keynesians and Market Monetarists Didn’t See Inflation Coming
It is interesting that the founder and leader of the market monetarists declared in January 2020 that the world was about to enter a "golden age" of low inflation for the Federal Reserve. Original Article: "Keynesians and Market Monetarists Didn't See
How Society Works: Plato’s Contribution
The theory of the division of labor is one of the cornerstones of economics. It is the very foundation of the scientific analysis of society and the market. According to this theory, cooperation among any number of persons is more productive
Economic Theory Begins with Human Action, Not Data Sets
According to the popular way of thinking, our knowledge of the economy is elusive. Consequently, the best that we can do is to attempt to ascertain some facts of economic reality by applying various statistical methods on the so-called macro
Sovereign Immunity Is Antilaw: The State Must Make Restitution to Its Victims
A libertarian view of the law by definition means that there can be no immunity from legal consequences. Anything else perverts the very meaning of law. Original Article: "Sovereign Immunity Is Antilaw: The State Must Make Restitution to Its Victims" This Audio
Do Institutions Play a Role in Promoting Economic Growth? In Short, Yes.
We are told that economic growth goes along with liberal democracy. But social institutions play an important role that transcends the political order. Original Article: "Do Institutions Play a Role in Promoting Economic Growth? In Short, Yes." This Audio Mises Wire is
Postcovid America: Racked by Inflation, Americans Pay Too Much for Drugs
As inflation rates soar toward 8 percent in the United States, many are feeling the squeeze and will be looking to save money, but one place where price inflation is nothing new in America is drugs. Pharmaceuticals made in the US climbed