Daily Economy
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If You Love Progress, Embrace Markets
People talk often of how technology is disruptive. That’s only part of the story. Technology also serves the oldest values and the most ancient aspirations of the human experience, and does so in a way that is organically peaceful with how we live. It’s the much-maligned market economy that makes it all possible, and does…
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A Bill to Ease California’s Housing Shortage
Citizens care about rents, and legislators will continue to bring bills to alleviate them until the pressure is gone. This bill would ease a variety of restrictions on properties near transit stations and bus stops with frequent service.
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Tax Havens Put EU States to Shame
In the face of true economic competition, the European Union is showing increasingly totalitarian tendencies toward those who offer better economic conditions than its member states.
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The Modern Origins of Economic Nationalism
Nationalism emerged in the 19th century as an alternative to economic liberalism of the classical variety. Liberalism was embodied in the works of Adam Smith, J.B. Say, Thomas Jefferson, and A.RJ. Turgot. Smith summed up the creed: “What is prudence in the conduct of every private family can scarce be folly in that of a…
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Political Division Is How We Grow Rich
What I’m suggesting here is that the divisions between these various centers of political, culture, and intellectual power are actually a good thing. I wouldn’t want anyone to win the great debates of our time. The end of division itself might be the worst possible outcome because it would imply that someone power source is…
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The Chance Puerto Rico Cannot Afford to Miss
Generous public programs are simply not an option when the government owes $43.2 billion in pension payments, and privatization has finally become an issue of public debate
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Coffee and Wine: The Subjective Theory of Value at Work
Comparing the prices of coffee and wine provides evidence for the subjective theory of value advanced by Austrian economist Carl Menger.
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Central Bank or Not, Fractional-Reserve Bitcoin Violates Sound Money
A common misconception is that the only problem with current money is the central bank, and that once we abolish government control everything is going to be fine. However, a sound-money regime has to provide for the consistent time structure of property rights in money.
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The Digital Denationalisation of Money
Cryptocurrencies are still quite new and seem to just be scratching the surface of their potential. If they are to succeed — not only as a fringe medium of exchange or speculative investment, but as real competitors with government currencies — some new programmers are going to have to come along and make currencies whose…
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How IKEA Changed Our Values and Lives
Ingvar Kamprad, the founder of IKEA, has died at the age of 91. He is a remarkable example of how enterprise and visionary entrepreneurship can have such a profound effect on the world. Even now, walking into an IKEA store for the first time is a riveting experience. It invites you to reassess your life…
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•
If You Love Progress, Embrace Markets
People talk often of how technology is disruptive. That’s only part of the story. Technology also serves the oldest values and the most ancient aspirations of the human experience, and does so in a way that is organically peaceful with how we live. It’s the much-maligned market economy that makes it all possible, and does…
-
•
A Bill to Ease California’s Housing Shortage
Citizens care about rents, and legislators will continue to bring bills to alleviate them until the pressure is gone. This bill would ease a variety of restrictions on properties near transit stations and bus stops with frequent service.
-
•
Tax Havens Put EU States to Shame
In the face of true economic competition, the European Union is showing increasingly totalitarian tendencies toward those who offer better economic conditions than its member states.
-
•
The Modern Origins of Economic Nationalism
Nationalism emerged in the 19th century as an alternative to economic liberalism of the classical variety. Liberalism was embodied in the works of Adam Smith, J.B. Say, Thomas Jefferson, and A.RJ. Turgot. Smith summed up the creed: “What is prudence in the conduct of every private family can scarce be folly in that of a…
-
•
Political Division Is How We Grow Rich
What I’m suggesting here is that the divisions between these various centers of political, culture, and intellectual power are actually a good thing. I wouldn’t want anyone to win the great debates of our time. The end of division itself might be the worst possible outcome because it would imply that someone power source is…
-
•
The Chance Puerto Rico Cannot Afford to Miss
Generous public programs are simply not an option when the government owes $43.2 billion in pension payments, and privatization has finally become an issue of public debate
-
•
Coffee and Wine: The Subjective Theory of Value at Work
Comparing the prices of coffee and wine provides evidence for the subjective theory of value advanced by Austrian economist Carl Menger.
-
•
Central Bank or Not, Fractional-Reserve Bitcoin Violates Sound Money
A common misconception is that the only problem with current money is the central bank, and that once we abolish government control everything is going to be fine. However, a sound-money regime has to provide for the consistent time structure of property rights in money.
-
•
The Digital Denationalisation of Money
Cryptocurrencies are still quite new and seem to just be scratching the surface of their potential. If they are to succeed — not only as a fringe medium of exchange or speculative investment, but as real competitors with government currencies — some new programmers are going to have to come along and make currencies whose…
-
•
How IKEA Changed Our Values and Lives
Ingvar Kamprad, the founder of IKEA, has died at the age of 91. He is a remarkable example of how enterprise and visionary entrepreneurship can have such a profound effect on the world. Even now, walking into an IKEA store for the first time is a riveting experience. It invites you to reassess your life…