Category Archives: General Theory

Failed States And The “Now What” Question

I’ve always believed that one of the best ways to learn about a person is to examine how they react to changing and difficult circumstances.  We all face adversity in life at one time or another, and it’s how we … Continue reading

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More On “Fair” Wages

In my last post, I mentioned that a libertarian, if asked to estimate the “worth” of an hour of unskilled labor, would likely answer “We can’t know, but probably less than $7.50.”  To me, the logic behind this seems pretty … Continue reading

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Subjective Value And “Fair” Wages

Tom Woods has written some excellent posts on recent protests by fast-food workers here and here.  He covers a lot of ground in these, but I just wanted to elaborate on one particular issue that stood out to me. Question:  … Continue reading

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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

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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

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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

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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

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