The Fundamental Economic Problem with Biden’s Rescue Plan
Do huge wealth redistribution schemes like Biden's new plan actually make people better off? Some people will get a net benefit. How how numerous are they? How many millions will take a net loss? The government has no idea. Original Article:
The Corrupt Bargain and the Preservation of Slavery
[Chapter 19 of Rothbard's newly edited and released Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] The most important battle of the August days of the Constitutional Convention was waged, as had been the battle over the three-fifths clause, between the North and
Keynes Thought Scarcity Would Disappear in the Near Future. Boy, Was He Wrong.
The Price of Peace: Money, Democracy, and the Life of John Maynard Keynesby Zachary D. CarterRandom House, 2021 [2020]xxii + 628 pages For many people, though not, to be sure, readers of The Austrian, John Maynard Keynes ranks as the greatest
Washington’s Bipartisan Fiscal Folly
For years, I have been sounding the alarm about chronic federal deficit spending—practiced by both Republicans and Democrats—steering our country into a fiscal abyss. I feel like a broken record as I periodically chronicle the folly of it all. The process has
The United States Has Declared Defeat in Two More Wars
Now that the average American voter is barely paying attention—and that the US is facing an economic crisis and weak recovery—it has become politically expedient to move further toward wrapping up a couple more lost wars. Original Article: "The United States
Vengeance and Sacrifice: Whiteness as Scapegoat in Critical Race Theory and Critical Whiteness Studies
The ideas of critical race theory and critical white studies shield a ruling elite from vengeance by attempting to make the mass of white people the scapegoat for their own crimes. Original Article: "Vengeance and Sacrifice: Whiteness as Scapegoat in Critical
Should the State Support the Arts?
Ought the state to support the arts? There is certainly much to be said on both sides of this question. It may be said, in favor of the system of voting supplies for this purpose, that the arts enlarge, elevate, and
An Autoethnographic Account of the Free Market: My Father
Instead of approaching the free market abstractly, in this short series, I’ll approach it from the standpoint of my own experience. In short, I’ll treat the free market in an autoethnographic account. Autoethnography is just what the word suggests: it
The Bureaucrat as a Voter
Representative democracy cannot subsist if a great part of the voters are on the government payroll. If elected officials no longer consider themselves servants of the taxpayers but deputies of those receiving salaries, doles, and subsidies, democracy is done for. Original
Self-Interest versus Racial Solidarity
Modern-day race theories—much like the standard racist theories of the past—assume that racial solidarity ought to be the overriding factor in all human behavior. Whites are supposed to always ally with whites. Meanwhile, blacks are supposed to always side with