China Won’t Be Taking Over the World
While the US has its problems, future global Chinese supremacy won’t be one. Far from being in a position of overwhelming strength, China and its Communist leadership face imminent multifront domestic crises that will threaten the existence not only of the Chinese
The Seen and the Unseen of Government R&D
GPS. The internet. Airbags. These wonders of modernity have something in common. Without government, many commentators hold, they wouldn’t exist. And perhaps these voices are right. Take GPS, developed by the Department of Defense to enhance coordination among military units. At first the sole
Cost of the Closet
The United States recognized the rights of the LGBTQ on December 15, 2011. It appointed an independent investigator to protect homosexuals and transgenders from discrimination across all nations. Yet, even in a perpetually changing and adaptable world, there remains a
‘The Rudest Book Ever’: A Book Review
In an enthralling world of multitudinous self-help books, ‘The Rudest Book Ever’ by Shwetabh Gangwar is one of its kind. The author who is an infamous Youtuber, a philosophy thinker, and a professional problem solver, himself discerns his book as
Of Common, Public, and Private Property and the Rationale for Total Privatization
I have three goals. First, I want to clarify the nature and function of private property. Second, I want to clarify the distinction between “common” goods and property and “public” goods and property, and explain the construction error inherent in
Revitalizing a Town Takes a Lot More Than Fixing Up a Few Buildings for a TV Show
Some may have heard of Home Town Takeover, but for those who have not, it’s an HGTV show in which a couple from the town of Laurel, Mississippi, take on renovation projects in the hopes of rejuvenating their hometown and
Using Goods vs. Exchanging Them: Menger Explains the Difference
Exchange Creates Value Different from Adam Smith who presumed in his Wealth of Nations that the division of labor was caused by the “propensity to truck, barter, and exchange” as a part of human nature, Carl Menger explains the practice of
Change of Portfolios and Party Politics
Recently, the Modi government witnessed a comprehensive reallocation of the council of ministers. The expansion of the union cabinet includes thirty-six fresh faces, promotion of seven existing ministers and a controversial drop of twelve well-established high profile ministers like Mr.
Bob Murphy Critiques Curtis Yarvin’s Explanation of Inflation
In a May 2021 essay, Curtis Yarvin (aka Mencius Moldbug) argues that the American economy runs on an inflation machine. Yarvin claims that the best way to measure the amount of inflation is to look at the change in aggregate
Mathematician: Plain English Often Works Better Than Mathematical Notation
Critics of Austrian economics often say that praxeology lacks rigor. Praxeologists rely on imprecise verbal logic that is difficult to assess. Instead, modern neoclassical economics is to a large extent couched in mathematics. The definitions and axioms of the model