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Category Archives: General Theory
Elections: A Very Poor Substitute For Markets
While debating the merits of my last post, I received plenty of objections, most of which were from people who were just missing the point entirely and therefore not worth responding to. But I also received one objection that I … Continue reading
Posted in General Theory
Tagged allocation, austrian economics, Economics, Elections, Free Markets, government, society, voting
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Do We Really Need “Better” Schools?
When debating the merits of privatization with statists, they will often attempt to frame the debate in terms of: “Explain to me how you can be sure that the private sector will produce better schools/roads/police/military protection than the government does.” … Continue reading
Posted in General Theory
Tagged allocation, Economics, education, efficiency, government, privatization, scarcity, schools
4 Comments
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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“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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Sports, Selfishness, and the “Winner’s Discount”
This one is a little off-topic, although I think it deals with a lot of useful economic concepts. I also happen to be a huge hockey fan, a sport which just recently went through a lot of free-agent signings, prompting … Continue reading
Posted in General Theory
Tagged Culture, Economics, selfishness, sports, winners discount
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The Slippery Slope Is A Perfectly Valid Argument
It’s happened to all of us at one time or another. You’re having an argument, calmly and coolly explaining to someone that although a particular policy might not have any immediate negative effects, you still oppose it because you believe … Continue reading
Thank God For Incompetent Government Employees
As a libertarian, I always strive to judge people based on their individual merit, and not fall victim to believing in any sweeping stereotypes or generalities based on someone’s association with any particular group. However, there is one particular group … Continue reading
Posted in General Theory
Tagged government, government employees, incompetency, private sector, public service
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Educational Fallacies
(Note: I originally wrote this piece several months ago, when the Chicago teacher’s strike was ongoing. In true slacker/procrastinator fashion, I held off on posting it, because I was going to submit it to a few sites for publication, which … Continue reading
The Federal Echo Chamber (Veterans Preference)
As some of you may know, I was away last week, attending a week-long “separation counseling” course that is legally required by the Department of Defense for anyone who is separating from military service. The reason it is required is … Continue reading
Posted in General Theory
Tagged department of defense, federal government, Military, veterans
2 Comments
Dude, Where's My Freedom? 