Economics Is About Scarcity, Property, and Relationships
Everything in human life is organized around how we make decisions about three things: scarcity, property, and relationships.
Everything in human life is organized around how we make decisions about three things: scarcity, property, and relationships.
The first English settlers in America learned a hard lesson about socialist economics in the early years of their new colonies as they faced starvation. Once they embraced free enterprise, however, they had something to be thankful for.
The Paris attacks forced the world's attention away from causes such as the plight of "white privilege" on college campuses and back to the consequences of blowback to interventionist foreign policy. Unfortunately, the political response to these atrocities have been predictable.
EU members are closing their borders across Europe, effectively redrawing the map. But this doesn't mean an end to a unified Europe. We may be seeing the prelude to the emergence of a smaller and more militaristic European Union.
"Human rights" mean nothing to global elites when geopolitical advantages can be gained from joining forces with brutal regimes. Just as the West has embraced brutal dictators in Saudi Arabia and China, while ignoring the histories of the its Turkish and European Allies, the West may some day choose to do the same with ISIS.
Much of the immigration we witness today is not a result of market outcomes, but are government-subsidized migrations. Libertarians defending these mass migrations as if they were market phenomena are only helping to discredit and undermine the true free market.
This week, the dangers of the authoritarian PC culture was driven to the forefront of the national conversation by students at Mizzou. Fortunately, Mises Scholars launched a pre-emptive strike against PC and the degenerating university system at last weekend's Mises Circle in Phoenix.
What is the best way to fight the leviathan state? Is it through politics, culture, or secession? There are benefits to each approach, but the way to success lies with decentralization and in building a strong society as an alternative to the state.