Our Two Options: A Marketplace or a Centrally Planned Economy
In the past few weeks, I have been discussing a number of points in Human Action, and today I propose to concentrate on a fundamental insight that is a main theme of the book. There are, Mises says, only two
Experts Said Ending Lockdowns Would Be Worse for the Economy than the Lockdowns Themselves. They Were Wrong.
Here’s something we often heard in 2020 from experts who wanted long and draconian covid lockdowns: “yes, these say-at-home orders are causing economic turmoil, but if you don’t lock everyone down now—and keep them locked down for a long time—your
John Tamny on When Politicians Panicked
Financial journalist John Tamny has written the definitive book on the disastrous political mismanagement of Covid-19—and the resulting (still unfolding) calamities. When Politicians Panicked is a superb analysis of the economic tradeoffs ignored by alarmist Covid policymakers, and a blow
Book Review – The Millennial Investor
Dev Dharira, a financial management aficionado, has been working as a fund manager for over 7 years. Having recognized the potential that investment can have, he has been handling millions in the global financial market. Owing to the pandemic, Dharira
Can the Lightning Network Lead to “Hyperbitcoinization”?
I spent the last week at the Bitcoin Lounge nestled cozily amid the Free State Project’s annual Porcfest in New Hampshire—named for the Porcupine, the libertarian mascot, and located just 7 miles from the infamous Bretton Woods as the crow
Inflation Is a Form of Embezzlement
Monetary inflation is just a type of embezzlement. Historically, inflation originated when a country’s ruler such as king would force his citizens to give him all their gold coins under the pretext that a new gold coin was going to
Record Numbers of Coloradans Are Crossing the Wyoming Border to Buy Illegal Fireworks
It’s almost Independence Day, and for many Coloradans, that means a trip to Wyoming to buy illegal fireworks. That is, it’s time to buy fireworks that are illegal in Colorado, but legal in Wyoming. In fact, this fact so well-known to
Canada’s Alcohol Laws Are Stuck in the Past
If there is one thing that the never-ending lockdowns have taught us, it’s that Canadians LOVE to drink. This has become especially clear during the pandemic. Unfortunately, Ontario residents are hampered in our beveraging hobby by the Liquor Control Board of
Despite the pandemic, India’s agriculture exports reach record highs
India’s agricultural sector is the country’s largest employer. Over the years, India has consistently maintained a trade surplus in agricultural products. The lockdown in the wake of COVID-19 has disrupted economic activities, the supply chains and reduced economic growth. It