The Worst Argument Against Secession: “We Tried It Before”
There are many arguments against secession. Some of them are quite prudent, such as those that simply contend that national separation may not be a good idea at this time. Many others are premised on the refusal to acknowledge the human right
Anti-Wild Cards
In this week's episode, Mark looks at the type information that investors need, but do not have. These anti-wild cards are going to appear in the economy, but no one really knows what, where, or when. Mark looks back at some historical examples. See also Surprised
The Tyranny of the 1964 Civil Rights Act
In Freedom and the Law, Bruno Leoni argues that the main threat to liberty comes not from overweening officials but from the law that empowers them. As Murray Rothbard puts it, “The real and underlying menace to individual freedom is
Biblical Critical Theory Is Not Biblical. It’s Watered-Down Marxism
Christianity Today magazine, founded by Billy Graham, chose Christopher Watkin’s book, Biblical Critical Theory: How the Bible’s Unfolding Story Makes Sense of Modern Life and Culture, as one of its 2024 Book Awards and the book most likely “to shape
Javier Milei Ended a DC-Sized Deficit in…Nine Weeks
Argentina’s Javier Milei is racking up some solid wins, with the fiscal basket case seeing its first monthly budget surplus in 12 years. Apparently, it took Milei just nine and a half weeks to balance a budget that was projected at 5% of
Capital One-Discover Critics are Remarkably Quiet About the Fed
Jai Kedia Capital One recently announced plans to acquire Discover Financial Services with a $35.3 billion all‐shares transaction. The proposed merger has brought the usual suspects out of the political woodwork to complain about financial concentration and increasing bank size. For instance,
Does Libertarianism Require Support for Open Borders?
Dave Smith makes the Rothbardian/Hoppean case for government restriction on immigration, arguing that it's a second-best solution given the undeniable fact of government control of "public" property. Bob plays devil's advocate to raise possible objections to Dave's framework. Rothbard, "Nations by
US States Have a Long History of Defaulting
The American bankruptcy show of the twenty-first century continues unabated with federal and state government spending. History reveals that some states have defaulted through not meeting a required bond payment, leaving the bondholders and that state’s taxpayers with a debt
Biden’s New Sanctions are Unlikely to Meet His Stated Goals
Justin Logan The Biden administration marked the two‐year anniversary of the war in Ukraine by announcing a new round of sanctions and other economic efforts at coercing Russia. Unfortunately, the new sanctions suffer from the same flaw as its overall Ukraine policy: a disconnect