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Monthly Archives: July 2013
Friedman’s Four Classifications of Spending
Milton Friedman was no Austrian, but he was certainly right on a few things. One of my favorite concepts of his was the four different methods of spending money. I don’t have a lot to say about this, I’m just … Continue reading
Public Corporations Shouldn’t Give To Charity
The inspiration for this post came from a Facebook post by the Motley Fool in which they were advertising one of their articles spotlighting various companies who have donated significant amounts of money to Autism Speaks. The Facebook post asked … Continue reading
Posted in General Theory
Tagged charity, corporations, motley fool, principal agent problem, shareholders
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The “Crack Baby” Myth
‘Crack baby’ study ends with unexpected but clear result – Philly.com. This is another story that doesn’t really have much to do with freedom; I just find it interesting when studies come out that reveal widespread beliefs to be entirely … Continue reading
“But What About People Who Make Bad Decisions?”
Recently, I was involved in a debate in which the following criticism was made (obviously I’m paraphrasing here): “Sure, the free market sounds good and all, but how can it possibly correct itself and allocate resources efficiently when some people … Continue reading
Posted in General Theory
Tagged austrian economics, bad decisions, Economics, human action, ignorance, ludwig von mises, rational
37 Comments
The “Fair Trade” Myth
“Fair Trade” products have carved out a decent little niche for themselves in the market, and are becoming increasingly popular among guilty white liberals. Anytime I hear anything described as “fair” my instinct is to immediately become suspicious, as “fair” … Continue reading
Posted in General Theory
Tagged charity, Economics, fair trade, fairness, fallacies, imports, praxeology, third world
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Eric Holder Seeks To Make Juries Irrelevant
Eric Holder promises “compassion” and “truth” in Zimmerman case – CBS News. It should be obvious to everyone at this point that the race-baiter who runs the Department of Justice (Orwell would be proud of that name) has absolutely … Continue reading
Modern Day Social Crusaders Are Unpopular Extremists
Hey, Everyone, Look at Me: I’m Against Slavery! | Tom Woods. This entire piece by Tom Woods is well worth reading, but I want to concentrate on the excellent point he makes in the first couple paragraphs. Tom writes: … Continue reading
Posted in News Commentary
Tagged abolitionism, Adam Kokesh, civil rights, extremist, slavery, Tom Woods, wikipedia, william lloyd garrison
1 Comment
The Keynesian Solution To Malware
US agency baffled by modern technology, destroys mice to get rid of viruses | Ars Technica. Another story involving a sequence of events so entirely idiotic, it could only possibly occur in a government agency. In the private sector, something … Continue reading
CDC Study Confirms: John Lott Was Right
Handguns, suicides, mass shootings deaths, and self-defense: Findings from a research report on gun violence. – Slate Magazine. Rare indeed is the article that will somehow manage to surprise both the pro and anti-gun crowds at the same time, … Continue reading
Posted in News Commentary
Tagged CDC, gun control, gun laws, gun violence, john lott, more guns less crime, Obama, self defense, slate
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Dude, Where's My Freedom? 
Economists Oppose Immigration Because “Dey Took Our Jerbs!”
The Bogus High-Tech Worker Shortage: How Guest Workers Lower US Wages | The Business Desk with Paul Solman | PBS NewsHour | PBS. Don’t let the big words and the scientific sounding rhetoric fool you, this piece by Hal Salzman, … Continue reading →