The 2008 global financial crisis has had far-reaching implications, depressing markets for years. Charged with US monetary policy, the Federal Reserve Bank, with its mantra of “too big to fail,” is empowered to manage the economic downturn. The central bank’s monetary policies effectively redistribute wealth to the upper tiers of society — and the proof is…

Qualche tempo fa la cantautrice Ani DiFranco ha dovuto cancellare il suo “Righteous Retreat in the Big Easy”, un ritrovo di autori di canzoni ospitato nella Nottoway Plantation and Resort, una ex piantagione di schiavi in Luisiana. La scelta del luogo aveva provocato un meritato scontento, costringendo la DiFranco alla ritirata. La cantante ha poi…

Singer-songwriter Ani DiFranco recently cancelled her “Righteous Retreat in the Big Easy,” a song-writing retreat hosted at the Nottoway Plantation and Resort, a former slave plantation in Louisiana. The venue choice provoked well-deserved outrage, prompting DiFranco to cancel. DiFranco issued what Callie Beusman at Jezebel called “a remarkably unapologetic ‘apology,’” defending her actions more than apologizing…

Many statist-leftists in the Global North would probably bristle at the notion that their politics can promote disempowerment amongst marginalised and/or oppressed groups and communities. “On the contrary!” they might say, “My statist proposals will actively counter disempowerment of such groups and communities, by giving them more resources (e.g. financial aid), and preventing discrimination against…

Walter Block recently penned a piece arguing that libertarianism is neither left nor right. In it he argues that libertarians share an anti-unionist bias with the right. It may be true that many libertarians possess an anti-union bias, but that says nothing about the normative compatibility of unions with libertarian principles. It also ignores those…

Stephen Moss discusses Jeremy Scahil’s, Dirty Wars. Karam Filfian reviews Dirty Wars. Anthony Papa asks for a pardon of both drug war prisoners and the turkey. Deepak Tripathi discusses Obama’s Middle Eastern policy. David Macray discusses the plight of ex-convicts. Ahmad Barqawi discusses Bandar’s reign of terror. David Rosen discusses the private security threat to…

Montaigne famously held that one person’s profit always involves another person’s loss, and this apothegm has won him some hostility from libertarians; see Mises, for example, here, here, and here. But I think Montaigne’s meaning has been misunderstood. When the claim is taken out of context, it is easy to assume, first, that Montaigne is attacking profit, and…

In the airport-turned-town of Seatac, Washington, a ballot proposal to institute a $15/hour minimum wage clings to a narrow lead and faces a certain recount, while in Seattle a state socialist candidate has won election to the city council on a platform including a $15/hour minimum wage for the entire city. Across the United States,…

On November 13 Wikileaks published the leaked “intellectual property” chapter of the draft Trans-Pacific Partnership treaty. The IP section is a bundle of draconian provisions curtailing Internet freedom in the interest of protecting proprietary content industries like movies and music and imposing new restrictions on commerce to enforce corporations’ patent monopolies on genetically modified organisms…

Recentemente assisti a uma apresentação por Mark Hendrickson da Faculdade da Cidade do Pomar acerca do livre mercado e da Walmart. Na apresentação Hendrickson cobre em sucinto, mas informativo detalhe, como funcionam os mecanismos do livre mercado. Firmas que oferecem melhores preços no mercado subtraem clientes de outras firmas, e o resultado final é que novas empresas…

Amia Srinivasan has four questions for free-market moralists, specifically those who accept something like a Nozickian account of individual rights. My own take is more Rothbardian than Nozickian, but that still seems close enough to give her four answers, and to ask four questions in return about the assumptions that underlie her essay. Amia begins by asking: 1….

An October 20-22, 2013, Fox News national poll revealed that the implementation of ObamaCare (the Patient Protection and Affordable Care Act) by the American state has been so chaotic that 60% of registered voters characterize the process as “a joke.” The economic reasons for the incompetence are well known by libertarians familiar with the Austrian tradition…

I recently watched a short presentation by Mark Hendrickson from Grove City College about the free market and Walmart. In the presentation Hendrickson covers in short, but informative detail, how free market mechanisms work. Firms that offer better prices in the market draw away customers from other firms, and the end result is that new…

The Progressive movement at the turn of the twentieth century—the doctrine from which the main current of modern liberalism developed—is sometimes erroneously viewed as an “anti-business” philosophy. It was anti-market to be sure, but by no means necessarily anti-business. Progressivism was, more than anything, managerialist. The American economy after the Civil War became increasingly dominated…

Of late I have been trying to balance my staunch support of the non-aggression principle (NAP) and self-ownership with my increasingly leftist values. For some anarchists the NAP and property rights are totally and wildly incompatible with anarchism, with the argument going so far to claim that stereotypical anarchism is rooted in a rejection of…

Existe uma lenda popular secular que diz o seguinte: era uma vez (pois é assim que esses tipos de histórias deveriam começar), no século XIX, a economia dos Estados Unidos, que era quase totalmente desregulada e laissez-faire. Então, surgiu um movimento com o objetivo de sujeitar os negócios a controles regulatórios em prol dos trabalhadores e…

Back in the ’90s, the Financial Times referred to the G8 countries and the Washington Consensus they enforced as a “de facto world government.” As if we needed any reminder that such a global corporate regime exists in practice, consider the Trans-Pacific Partnership currently under negotiation. Although in theory the authority of all treaties signed…

Cory Doctorow, convidado de honra da vindoura convenção de ficção científica FenCon em Dallas, observa (“Durante o fechamento, alguns cientistas não podem falar acerca de ciência,” Boing Boing, 4 de outubro) que alguns de seus colegas palestrantes não poderão falar se o fechamento do governo continuar. Por eles serem cientistas espaciais do governo, estão enquadrados na…

In their efforts to fight the Affordable Care Act, Republicans in Washington have “shut down” the Federal government to supposedly cut spending due to the costs of the health care legislation. On the first day of the shutdown most of us woke up, had coffee, and went to work. In other words, nothing had really…

Jon Hochschartner’s article in Salon on Saturday argues that the classic video game “The Legend of Zelda: The Ocarina of Time” is a mess of classist, racist, and sexist tropes. He will get no argument from me on the sexism score — the entire series is focused on rescuing the princess, again and again. But on the…