In a previous post, I elaborated on Ludwig von Mises’ comments to argue that human slavery could not persist in an otherwise free market. Mises claimed that free labor was more productive than slave labor, and I used this empirical
Reposted from Zerohedge: Nothing says global ‘economic recovery’ like a major retailer drastically missing revenue expectations, slashing earnings projections and announcing it will shutter 225 stores nationwide. Staples, the largest US office supplies retailer, hit the triple whammy and didn’t blame
Satoshi Nakamoto has been revealed! ‘Satoshi Nakamoto‘, the mysterious founder and creator of the biggest digital cryptocurrency ‘Bitcoin‘ has reportedly been unmasked as a 64-year-old father of six living in Temple City, Southern California. Satoshi Nakamoto introduced Bitcoin to the world
From today’s Open Europe news summary: 1. Brussels proposes revamped €11bn aid package for Ukraine 2. The European Commission yesterday released its in-depth review into macroeconomic imbalances, in which it called for “policy action” on the German current account
Catch one of the latest episodes of “Better Red Than Dead” with special guest libertarian personality Julie Borowski! You can listen here.
With all of the hubbub recently over slavery and its (alleged) ties to Austro-libertarianism, I thought it important to point out that the very nature of a market economy is incompatible with the institution of slavery. Note, I am NOT
No one likes to boss other people around more than environmentalists. Their wildly unrealistic policy agenda combined with an innate disdain for other humans makes them alarmingly aggressive about imposing their wills on others, regardless of any negative impacts these
Robespierre reputedly welcomed the bloody French Revolution with the chilling statement: “One can’t expect to make an omelet without breaking eggs.” Versions of the quote have also been attributed, perhaps apocryphally, to Joseph Stalin. In these cases, the phrase signifies