At Reason (“The Government Wants To Cap Credit Card Late Fees. It Will Hurt the Poor“), Veronique de Rugy shows levels of compassion for the poor suffering banks that hasn’t been seen since John Stossel condemned the immorality of walking away from underwater mortgages. De Rugy starts off on a note seemingly calculated to alienate…

I. The Nonexistent Ethical Dilemma The showdown between Greece and the EU is one of those events that brings out in stark contrast the dividing line between libertarians whose main concern is genuine economic freedom, and the sort of libertarian whose priority is the interests of big business and the propertied classes. In an exchange…

In my last two blog posts, I responded to Lynn Stuart Parramore’s article titled How Piketty’s Bombshell Book Blew Up Libertarian Fantasies. At the end of the second one, I promised an explanation of the economic theory I used to critique her article. This post will be a brief introduction to said economic theory. Let’s…