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What Does Bitcoin Mean for Austrian Money Theory?

Friday, August 22nd, 2014 by posted in Economics, Philosophy.
bagogold

Libertarians tend to agree with each other on most things. We all favor less government regulation, lower taxes, less involvement in international conflicts, and more personal freedom. There are a few areas, however, in which the movement remains sharply divided.

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The Greatest Thinker You’ve Never Read: Ludwig von Mises

Monday, August 11th, 2014 by posted in Economics, History, Philosophy.
MisesLibrary (1) teaser

Reprinted from Forbes Had he not passed away at the tender age of 92 in 1973, Ludwig von Mises would have turned 131 years old today. In my humble opinion, he was the greatest social thinker of the twentieth century.

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How Group Identities Endanger Freedom

Wednesday, August 6th, 2014 by posted in Philosophy.
membership

There is a verbal sleight of hand practiced in politics so frequently that even the champions of free markets tend to fall into its trap. It is a fallacy of composition relating to the misidentification of a group with its

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On Krugman’s Arrogance

Monday, August 4th, 2014 by posted in Economics, Epistemology.
krugmanpic

Economist Paul Krugman’s New York Times column dropped off my reading list months ago. His conscious effort to become a kind of parody of himself, a holier-than-thou hero fighting off the scourge of ignorant free marketeers, was too much of

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Cultonomics and the Austrian School

Thursday, July 31st, 2014 by posted in Economics, Epistemology.
krugman pray

Mainstream economists have long derided the Austrian School as a “cult”. Professor Walter Block recounts stories from Nobelists Gary Becker and James Buchanan off-handedly referring to the cultish Austrians. When pressed by Professor Block, Becker said, “By a cult I

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Raw Communism

Wednesday, July 30th, 2014 by posted in Economics, History, Philosophy.
communist-revolution teaser

[This article is excerpted from volume 2, chapter 10 of An Austrian Perspective on the History of Economic Thought (1995). An MP3 audio file of this chapter, narrated by Jeff Riggenbach, isavailable for download.] Reprinted from Mises.org Another important reason for Marx’s

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How To Have Law Without Legislation

Friday, July 25th, 2014 by posted in Economics, Law, Philosophy.
law teaser

[Adapted from Rothbard’s book review of Freedom and the Law by Bruno Leoni. This review first appeared in New Individualist Review , edited by Ralph Raico.] [In his book Freedom and the Law,] Professor [Bruno] Leoni’s major thesis is that even the staunchest free-market economists

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Are Libertarians Pacifists?

Thursday, July 24th, 2014 by posted in Philosophy.
flowergun

For most libertarians, the central tenet governing all politically philosophy is the Non-Aggression Principle (NAP). The NAP states that we must never use force against another person, except in the prevention of force itself. By consistently applying the NAP, as

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The Birth of America’s “Religion of Violence”

Wednesday, July 23rd, 2014 by posted in Civil Liberties, Foreign Policy, Philosophy.
civilwar teaser

Reprinted from LewRockwell.com Laurence Vance has coined the word “warvangelical” to describe so-called evangelical Christians who are obsessed with supporting all of the state’s wars and all of the death, destruction, and mayhem that they entail.  They ignore the ancient

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The Decline of Influence

Tuesday, July 22nd, 2014 by posted in Foreign Policy, History, Philosophy.
Mideast Iraq Violence

The world is seemingly aflame in chaos right now. The Israeli military has invaded the Gaza strip after the breaking of an 18-month cease-fire agreement. Which side broke the accord is still an open question. A commercial airliner was shot

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Secession: A Fundamental and Universal Right

Tuesday, July 22nd, 2014 by posted in Philosophy, Politics.
sealand teaser

Reprinted from Liberty.me What is the world’s smallest country? Monaco? Nope. Malta? Too big. Even Vatican City with a mere population of 770 is huge in comparison. It’s called Sealand, founded and ruled by Paddy Roy Bates, a remarkable man

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The Danger of Analogy

Monday, July 21st, 2014 by posted in Philosophy.
analogies-examples

In the employment of analogy, one must always exercise extreme caution. A bad analogy is apt to lead the reader away from the salient point, and down any number of blind alleys leading to false conclusions. A prime example of

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Progressives Against Progress

Thursday, July 17th, 2014 by posted in Philosophy, Politics.
backwardsman

What’s in a name? Etymologically speaking, quite a lot, but over time, many words lose the meanings they originally had. Nowhere is this more true than in the realm of politics. Liberal used to mean someone who fought for freedom,

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Release of Jay Stuart Snelson’s Human Action Principles

Monday, July 14th, 2014 by posted in Economics, Education, Philosophy.
Snelson-banquet2 teaser

In October 2006, I attended a Liberty Magazine conference in Las Vegas. One of the speakers was Jack Pugsley. I had never heard of him before. Jack talked about the need to focus on solutions, not on problems. He talked

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The Bias Towards Action

Friday, July 11th, 2014 by posted in Philosophy, Politics.
mencken6-sized

Human beings are a pro-active species. They like to get things done. All human progress is built around the idea of not being content with your circumstance, but acting to improve them. We are the masters of our destinies, or

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Non-Initiation of Aggression Is Necessary, But Not Sufficient, For Being a Nice Guy (or Gal)

Friday, July 11th, 2014 by posted in Economics, Law, Philosophy.
rothbard

This is a minor point, but believe it or not, I have to make it: Libertarian ethical theory (as developed, for example, by Murray Rothbard in Ethics of Liberty) does NOT say: “As long as you don’t initiate aggression, you

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On Civil Disobedience

Thursday, July 10th, 2014 by posted in Law, Philosophy.
thoreau

I am continually mystified by those otherwise sensible people who nevertheless insist that the law must be followed because it is the law. “If you wish to change the law,” they solemnly and self-righteously intone, “you must do through the

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The Rebirth of Austrian Economics

Wednesday, July 9th, 2014 by posted in Economics, History, Philosophy.
South_Royalton_Vermont teaser

Reprinted from Liberty.me Forty years ago, during the week of June 15-22, 1974, the Austrian School of Economics was reborn during a conference in the small New England town of South Royalton, Vermont. Why was this important? Because the economists

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The Ethics of Entrepreneurship and Profit

Tuesday, July 8th, 2014 by posted in Capitalism, Law, Philosophy.
construction site teaser

Reprinted from LewRockwell.com In the most fundamental sense we are all, with each of our actions, always and invariably profit-seeking entrepreneurs. Whenever we act, we employ some physical means (things valued as goods) – at a minimum our body and

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Is It a Contradiction?

Saturday, July 5th, 2014 by posted in Capitalism, Philosophy, Politics.
painting

Is anarcho-capitalism a contradiction? Neoreactionary writer “Bulbasaur” seems to believe so. In a recent post at the “The Right Stuff” blog, he contends that anarchy and capitalism are always at odds with one another. He issues some deserved criticism at

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