Goldman Sachs is profitable. I’m sure this has little to do with their political contributions, influential alumni, or second-hand relief from all risk associated with AIG, at US taxpayers’ expense. That is why the government’s power must be limited: it’s a tool of manipulation which can only be wielded by the extremely wealthy, at everyone [...]
Libertarians don’t necessarily believe that everything a government does is bad. Rather, we believe that everything a government does can be done better by an enterprising groups of individuals with minimal oversight. Government, at best, can be seen as a means by which a people can express their general interest. This implies that government subsidies [...]
I commented on my favorite federal circuit justice’s most recent blog entry. The full text of my comment, approval pending: I do not believe that a loan to Lehman brothers would have prevented its failure or helped to stave off the current financial crisis. Expanding the Federal Reserve Bank’s authority so that it needed no [...]
This article clearly and concisely explains how the proposed Obama public insurance option will drive up costs and ultimately nationalize the health insurance industry. As I look at our government’s actions, I’m less and less inclined to see mere folly, and more and more inclined to see a deliberate power grab and a weakening of [...]
Hypothesis #1: Making Firecrackers is Economically Unproductive Firecrackers are mere entertainment, lit once and then its usefulness is extinguished forever. Money spent producing a firecracker is therefor ultimately wasted. The only economically “productive” use of money is on capital investments: money spent on things which in turn produce more money (a computer, for example, because [...]
Go to War There is a persistent myth that war is good for the economy; this makes no sense. War can be made good for an individual economy if it can pay for itself (the plan for Iraq before oil sabotage), however, the net result of war for all involved is always tremendous waste. We [...]
Instant and effective communication across all borders will be the spur which drives the world to smaller, more effective units than the dying superstructures of the 20th century, whether political or economic. The new superstructures’ role will be organizational, supplying unity of direction for the natural contributions of individual people. For example, the newspaper is [...]